Healthcare and education
Health care, including preventive health care, sanitation and safe drinking water. Education, including special education, vocational skills and livelihood.
Wellness First Global Koncepts Private Limited
Corporate Social Responsibility
A commitment to business that is socially, economically and environmentally responsible, and to the sustainable development and well-being of society.
The commitment
Within India, and close to where the company works
Wellness First Global Koncepts Private Limited conducts its business in a socially, economically and environmentally responsible manner, and contributes to the sustainable development and well-being of society.
CSR is undertaken in India, in line with Schedule VII of the Companies Act, 2013. Preference goes to the local area and the areas around where the company operates.
The policy is the framework for how activities are identified, chosen, carried out, monitored and reported.
Objectives
What the policy is for
Four aims, set by the company. Anything further still has to sit inside Schedule VII, and needs the Board’s approval.
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Abandoned senior citizens and persons with mental disabilities
Their welfare. For senior citizens, permitted work also includes old age homes, daycare centres and similar facilities.
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Environmental sustainability
Protection of the environment, ecological balance, flora and fauna, and the quality of soil, air and water.
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The welfare of society
A contribution to the welfare and development of society, through activities permitted under Schedule VII, within India.
CSR activities
Areas the Board may approve
With the Board’s approval, CSR may fall in any of the areas below. They reflect Schedule VII. An activity is not CSR merely because it is named here — it has to be permitted under the Act and the CSR Rules. If Schedule VII later adds further activities, the company may take those up too.
- Hunger, healthcare, sanitation and safe drinking water
- Education, vocational skills and livelihood
- Gender equality, women, and facilities for senior citizens
- Environmental sustainability
- Heritage, art and culture
- Armed forces veterans and their dependents
- Sport, including Paralympic and Olympic sport
- National relief funds
- Research in science, technology, engineering and medicine
- Public universities, IITs and national research bodies
- Rural development
- Slum area development
- Disaster management, relief and reconstruction
Oversight
Committee, spend and review
Financial year 2021–22
CSR Committee
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Mr. Aviral Sethi
Director · Chairperson
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Mr. Vinod Kumar
Director · Member
The committee oversaw and monitored CSR under the Act, the CSR Rules and this policy. Where the law does not require a committee, the Board of Directors does that work.
Endeavours to spend
Expenditure
2%
At least two per cent of average net profits over the three preceding financial years, or the amount the Act prescribes. Only on permitted activities. Surplus from CSR does not become business profit — it goes back into the project, is held for the policy, or is transferred to a Schedule VII fund.
The Board
Review
The Board monitors the work and satisfies itself that funds are used as it approved. It reviews the policy so it stays aligned with the Act, the Rules and Schedule VII, and may revise it.
The committee, this policy and the projects the Board approves are disclosed on wellnessfirstglobal.com. If the policy and the law conflict, the law prevails.
The company may carry out the work itself, or through an eligible implementing agency. It may also collaborate with other companies, as long as each can report on the work separately.