For past several years, Hidco has been traditionally making plan investments in the neighbourhood villages of New Town. Such works include village roads, drinking water tube wells, street lights, bridges and culverts. It has also been making and allotting dwelling units for the Economically Weaker Sections of the society. Of late, it has been also taking up initiatives for the girl child / elderly (Kanyashree Mela, Senior Citizen Mela), developing rain forest, herbal garden, butterfly garden etc (Eco Park) and doing a project for the elderly (Seniors' Park) in New Town. All these have been mentioned earlier in this blog (search, if you wish, at the box on top left of this page).
Now Government of India in the Ministry of Corporate Affairs has in its notification number 1/15/2013-CL.V dated 27.2.2014 declared that Section 135 of Companies Act 2013 will come into force from 1.4.2013. Incidentally, the old Companies Act 1956 is being replaced by the new Act that received the President's assent last year.
Section 135 deals with Corporate Social Responsibility. It has made mandatory for all companies satisfying certain criteria to invest 2% of its average net profit of last three years for CSR. Hidco, a government company under the Companies Act, comes within the purview of such companies. Permitted CSR activities have also been laid down. Some of these are:
1. Eradicating poverty.
2 Preventive health care
3. Promoting gender equality
4. Setting up old age homes, day care centres and facilities for senior citizens
5. Rural development projects
6. Reducing inequalities faced by socially and economically backward groups
7. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, agroforestry etc.
(There are several other items too in Schedule VII).
In its Board meeting held yesterday, Hidco took the first step in complying with the CSR responsibilities imposed by new Companies Act 2013 by forrming a 3-member Committee of Directors as follows:
1. Debashis Sen, Chairman
2. Ananda Ganguly, Director (Engineering)
3. Dulal Mukherjee, Director
Shri R. Ghosh, Company Secretary will be the convenor.
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Here are three clippings:
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Today's Telegraph Metro |
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Today's Anandabazar |
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Ebela dated 9.4.2014 |