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The IBF Board has adopted a CSR Policy in line with the Section 135 of Companies Act, 2013 and its amendments from time to time and would include the activities as covered under Schedule VII of the Act and the Companies (Corporate Social Responsibility Policy) Rules, 2014 and as amended from time to time.
In accordance with the above the Board has constituted a CSR Committee with the following objectives:
(a) Formulate and recommend to the Board, a CSR Policy which shall indicate the CSR activities to be undertaken by the company as specified in Schedule VII of the Act. The same is being presented through this Policy.
(b) Recommend the amount of expenditure to be incurred on the CSR activities referred to in clause (a).
(c) Monitor the CSR Policy of the company from time to time.
The CSR Committee comprises of the following members:
1.Mr. K.V.L. Narayan Rao - Chairperson
2.Mr. Punit Goenka
3.Mr. K. Madhavan