CSR Projects Approved by the Board of the Company for the Financial Year
Background
Aloha being a 'COMPANY', is focused on core business objectives by outsourcing IT infrastructure and network management to experts who can take care of complex hybrid IT environments. Aloha Technology provides the specialist skills necessary to smoothly run your IT environment, improve agility, leverage upcoming technologies, optimize spending and reduce cost.
Also, Aloha Technology has more than 10 years of experience in helping ISV’s to design and develop Supply Chain Solutions, RFID-based Warehouse Management systems, and Barcode software solutions and enabling the enterprises to attract new customers as well as retain existing ones. Our team of principals and consultants include professionals that enable us to create solutions that are focused towards improving customer loyalty, increasing market share, and improving return on investment (ROI) & Setting up business processes requires a deep understanding of the industry service levels and also expectations of clients from every use case in the process.
The Company has a long-term vision of anchoring the CSR activities of the company for the ‘Contribution to the prime ministers national relief fund (PMNRF)’, basic amenities and by other means.
The Company has outlined its CSR Activities in accordance with the Schedule VII and the Section 135 of the Companies Act, 2013.
Roles and Responsibilities
The Board of Aloha Technology Private Limited will be responsible for:
Approving the CSR policy as formulated by the CSR Committee
Approving the Annual Action plan recommended by the CSR committee, in pursuance of the CSR policy.
In case of ongoing project, the Board shall monitor the implementation of the project with reference to the approved timelines and year wise allocation and shall be competent to make modifications, if any, for smooth implementation of the project within the overall permissible time period.
Ensuring that in each financial year the Company spends at least 2% of the average net profit before taxation excluding profits arising from overseas branches made during the three immediate preceding financial years, and this is certified by the person responsible for financial management.
Disclosing in its Annual Report the names of CSR Committee members, the content of the CSR policy and ensuring annual reporting of its CSR activities on the Company website.
Ensuring annual reporting of CSR activities to the Ministry of Corporate Affairs, Government of India, as per the prescribed format.
CSR Committee
The Committee will consist two directors:
Sneh Lata Sood (Managing Director)
Sidharth Sood (Director)
The CSR Committee of Aloha Technology Private Limited will be responsible for:
Formulating the CSR policy in compliance to Section 135 of the Companies Act 2013
Formulating and recommending to the Board, an Annual Action Plan in pursuance of the CSR policy
Recommending to Board the CSR expenditure to be incurred
Making modifications to the CSR policy as and when required
Regularly monitoring the implementation of the CSR projects