CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Board Disclosures and Website Disclosures
Kaveri Pharma Ltd, a listed company, has put its CSR policy on its website. In preparing the Board's report, the company secretary wants to avoid reproducing the full policy. What is sufficient compliance with the requirement to report on the CSR policy under section 134(3)(o)?
It is sufficient to state briefly the salient features of the CSR policy and any change in it, and to give the web address where the complete policy is available. The second proviso to section 134(3) allows this instead of reproducing the full policy.
- AStating the web address alone, without any description of the policy
- BGiving the salient features of the policy and any change in it in brief, and indicating the web address of the complete policyCorrect
- CAnnexing only the CSR committee's attendance record
- DReproducing the full policy in the Board's report in every case
Explanation
The second proviso to section 134(3) says that where the clause (e) or clause (o) policy is on the company's website, it is sufficient to specify its salient features and any change in brief and to indicate the web address of the full policy. A bare web address omits the salient features, and full reproduction is not required.
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