DHFL’s Corporate Social Responsibility Policy formulated in October, 2012 has been revised to align with the newly introduced provisions for Corporate Social Responsibility under Section 135 of the Companies Act, 2013 read with Companies (Corporate Social Responsibility Policy) Rules, 2014 and Schedule VII of the Companies Act, 2013. The new Corporate Social Responsibility Policy of DHFL has been approved by the Company’s Board of Directors at its meeting held on 30th April, 2014.
DHFL’s Corporate Social Responsibility Committee comprises of :-
- Mr. G. P. Kohli, Chairman (Non-Executive Independent Director)
- Mr. V. K. Chopra, Member (Non- Executive Independent Director)
- Mr. Kapil Wadhawan, Member (Executive Director)
In line with the provisions of Section 135 of the Companies Act, 2013, DHFL envisages to spend `11.65 crores (Rupees Eleven Crore and Sixty Five Lakh) towards Corporate Social Responsibility initiatives during the F.Y. 2014-15. (The aforementioned amount is two percent of the average net profits made by DHFL during the three immediately preceding financial years of the Company.)
DHFL shall seek to identify suitable programs / projects / activities as enumerated under Schedule VII of Companies Act, 2013, during the year to ensure its contribution to the community and society at large.