Finzoom Investment Advisors Private Limited (“INDmoney”) is registered with Securities Exchange Board of India as an investment advisor under SEBI (Investment Advisors) Regulations, 2013 (“IA regulations”) vide registration no. INA100012190 and is in the services and/or products, related to all kind of financial/ financial technology services, by using technology or otherwise, including but not limited to wealth management, financial technologies, personal finance, investment services, financial advice, financial analytics, portfolio management, asset management, financial news, distribution services and financial information
INDmoney CSR Policy intends to:
INDmoney seeks to continue its contribution to the society through its distinct value proposition that meets the needs of millions of people, enhancing their lives through healthcare, improving quality of living by providing education and enabling livelihoods by creating employment opportunities-through the following:
In accordance with the requirements under the Companies Act, 2013, INDmoney CSR activities, amongst others, will focus on:
However, the Company undertake any CSR project specified in Schedule VII of the Companies Act, 2013 from time to time.
INDmoney will undertake CSR activities either in partnership with a company established under section 8 of the Act, or a registered public trust or a registered society, registered under section 12A and 80G of the Income Tax Act, 1961 or such other entities prescribed under the Act, who are engaged in activities or programs which fall within the purview of INDmoney CSR Policy and areas of focus, or directly through a company established under section 8 of the Act, or a registered public trust or a registered society, registered under section 12A and 80 G of the Income Tax Act, 1961, that may be established by INDmoney, either singly or along with any other company, for the purpose or both.
The responsibilities of the board will be as follows:
The board shall consider CSR proposals from the Company or any other eligible entity/ foundation. In order to be considered by the Board, such proposals must inter-alia contain details of projects/programs to be undertaken, proposed amount, timelines and a confirmation that such projects/ programs are eligible under the Companies Act, 2013 and rules made thereunder.
The Board will evaluate the projects/programs and may, at its sole discretion, approve certain projects/programs for implementation. While approving projects/programs, the Board shall ensure that those are covered under the ambit of activities listed in Clause 3 above.
The Board may also decide to contribute towards the Corpus Fund, as permitted under the law.
The surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of a company.
The Board shall approve overall limits for CSR Activities to be undertaken by the Company. Within the overall limits approved by the Board, the Board shall approve individual projects / programs including contribution towards the Corpus Fund.
All CSR projects / programs under this policy shall be undertaken in India. The Board shall decide on locations for implementation of the CSR projects / programs.
This policy is effective from April 01, 2022 and may be amended by the Board as required from time to time.
For any clarification/query related to the CSR policy of the company, please contact:Mr. Sunny Bajaj