The Corporate Social Responsibility (CSR) & Sustainability Policy of Shipping Corporation of India (hereinafter referred as SCI) is issued within the framework mentioned hereunder.
i. Section 135 of the Companies Act, 2013 (hereinafter referred as Act)
ii. DPE Guidelines on CSR & Sustainability issued in April 2013 and October 2014
iii. Ministry of Corporate Affairs Notification on CSR rules effective from 1st April 2014
iv. Guidelines as advised by the DPE from time to time.
This Policy supersedes the previous “CSR & Sustainability Policy” approved by the Board of Directors (hereinafter referred as BoD) of SCI held on 19.03.2009 based on the guidelines/ circulars/ instructions issued earlier by the Department of Public Enterprises (DPE) on this
This policy is consistent with the Act and Rules on CSR framed by MCA and the policy directions on the subject issued by the Government from time-to-time.
Whenever any amendments are made by MCA on the subject, the same shall be duly incorporated in the policy document. As per the Act, modification/ amendment to the Policy will be approved by the BoD of SCI on the recommendation of the CSR Committee of the Board.