Corporate Social Responsibility

We are constantly striving toward sustainable and societal development through environmental and socio-economic practices.

CSR Philosophy

New Era India believes in giving back to society. We provide value to our stakeholders through not just financial success but also by working towards the betterment of civilization. We focus on supporting education and gender equality, taking care of the wellbeing of senior citizens, encouraging sports participation along with contributing to the welfare, relief, and socio-economic development of underprivileged communities.

All these initiatives have been implemented to raise literacy levels and benefit the neighbourhoods in which the corporation operates. Through CSR, we aim to bring to life the vision we have for the present society.

Objective

Strive for economic development that positively impacts the society at large with minimal resource footprint.

Embrace responsibility for the Company’s actions and encourage a positive impact through its activities on promoting education, including special education and employment enhancing vocation skills, especially among children, women, elderly and the differently abled and livelihood enhancement projects, empowering women and promoting gender equality, caring for the old citizens, encouraging sports among talented individuals & contributions for relief efforts & socioeconomic development of economically backward groups.

Definitions

Some of the key terms used in the CSR Policy are as under:

  • ‘Act’ means the Companies Act, 2013 (including any statutory modification or re-enactment thereof for the time being in force).
  • ‘Company’ means “NEW ERA INDIA CONSULTANCY PRIVATE LIMITED”.
  • ‘Board of Directors’ or ‘Board’, in relation to the Company, means the collective body of the directors.
  • ‘Committee’ means Corporate Social Responsibility Committee constituted by the Board of Directors of the Company in accordance with the provisions of Section 135 of the Companies Act, 2013 and rules made thereunder.
  • ‘Corporate Social Responsibility (CSR)’ means and includes but is not limited to:
  • Projects or programs relating to activities specified in Schedule VII of the Act; or
  • Projects or programs relating to activities undertaken by the Board of the Company in pursuance of recommendations of the CSR Committee of the Board as per this CSR Policy and will cover subjects enumerated in Schedule VII of the Act.
  • ‘CSR Policy’ or ‘Policy’ means Policy on “Corporate Social Responsibility Policy” framed and implemented by CSR Committee and approved by the Board of Directors of the Company.
  • ‘CSR Projects/Activities’ means the projects/activities which are included by the Company in this CSR Policy in accordance with Schedule VII of the Companies Act, 2013.
  • ‘Average Net Profit’ means net profit as computed in accordance with Section 198 of the Act.

Words and expressions used in this policy and not defined herein, but defined under the Companies Act, 2013 shall have the meanings as assigned to them in the Act.

Concept of CSR

CSR means and includes but is not limited to:

  • Projects or programs relating to activities specified in Schedule VII of the Companies Act, 2013.
  • Projects and programs relating to activities undertaken by the Board of Directors of the Company in pursuance of the recommendations of the CSR Committee of the Board.

Policy Statement

The CSR Policy focuses on addressing the critical social and economic needs of the underprivileged communities of our nation. Through this policy, we align our CSR strategy with non-governmental and not-for-profit organizations to promote education, talent, relief and socio-economic development. We adopt an approach that integrates the solutions to these problems into the strategies of the company to benefit the communities at large and create social and economic impact.