a) CSR Committee
The role and function of the CSR Committee of the Company includes, inter alia, the following:
(i) formulate and recommend to the NMIPL Board a CSR Policy in accordance with the Act;
(ii) constituting the CSR Governance Council and approving any change in the constitution of its membership. Such changes shall be placed before the NMIPL Board from time to time;
(iii) reviewing and approving CSR activities/projects/programs identified by the CSR Governance Council to be undertaken as per Schedule VII of the Act;
(iv) recommending to the NMIPL Board the CSR spend to be incurred in respect of the CSR activities/projects/programs;
(v) regularly monitoring the implementation of the CSR Policy being done by the CSR Governance Council and making policy decisions in relation to the CSR Policy;
(vi) constituting a transparent monitoring mechanism to ensure governance and implementation of the CSR activities/projects/programs undertaken by the Company;
(vii) reporting to the NMIPL Board on the progress of the various CSR activities/projects/programs and spends on a regular basis; and
(viii) recommending to the NMIPL Board, modifications to the CSR Policy as and when required.
(b) CSR Governance Council
The role and function of the CSR Governance Council of the Company includes, inter alia, the following:
(i) implement the CSR activities/projects/programs as may be approved by the CSR Committee and the NMIPL Board;
(ii) hold regular meetings to monitor the progress of the CSR activities/projects/programs and the CSR spend made by the Company;
(iii) prepare implementation reports regarding the CSR projects and the CSR spend and share the same with the CSR Committee for review and approvals;
(iv) Identify potential projects (in accordance with Schedule VII of the Act) which may require CSR spend and present them to the CSR Committee for approval;
(v) Identify NGOs with a minimum of 3 years of track record for implementing CSR projects and seek CSR Committee’s approval for the same; and
(vi) Create teams/working groups to help support implementation of the CSR projects.
4.2 Weblink for the NMIPL’s CSR Policy is https://www.nissan.in/csr.html. The CSR Policy is and will be available with the Company Secretary for review.