Corporate Social Responsibility Policy 
                
                
                
                
                
                
                                                  October 2014 
                                      Revision 1, August 2021 
                
               (The CSR Policy of RVNL is issued, in accordance with, Section 135 of the Companies Act, 
               2013 and amendments issued thereafter, Schedule VII of the Companies Act, 2013 and 
               amendments issued thereafter and The Companies (Corporate Social Responsibility Policy) 
               Amendment Rules, 2021. This CSR Policy supersedes the previous CSR Policy approved 
                                               th
               by the BoD of RVNL during its 59  Meeting held on 25.01.2014 vide Item No 73/12 based 
               on the guidelines/ circulars/ instructions issued earlier by DPE on this subject.) 
                
                
                
                
                
                
                
                
                
                
                
                     1st Floor, August Kranti Bhavan, Bhikaji Cama Place, New Delhi 110 066 
                      Tel: +91-11-26738299, Fax: +91-11-26182957, Website: www.rvnl.org 
                                           
                    
                                                                    Contents 
                                                                           
                   1.   Abbreviations used ........................................................................................................ 3 
                   2.   Policy ............................................................................................................................ 3 
                   3.   Philosophy ..................................................................................................................... 3 
                   4.   CSR Implementation ..................................................................................................... 4 
                   4.1     Implementing agency ................................................................................................. 4 
                   4.2     External agency ......................................................................................................... 4 
                   4.3     Collaboration .............................................................................................................. 4 
                   4.4     Mode of implementation ............................................................................................. 4 
                   4.5     Location of CSR projects ........................................................................................... 4 
                   4.6     Nature of CSR activities ............................................................................................. 4 
                   4.7     Project proposal ......................................................................................................... 4 
                   4.8     Project sanction ......................................................................................................... 5 
                   4.9     Needs Assessment/ Base Line Survey ...................................................................... 5 
                   4.10  Monitoring .................................................................................................................. 5 
                   4.11  Impact Assessment .................................................................................................... 5 
                   4.12  Ongoing projects ........................................................................................................ 5 
                   4.13  Utilization of funds...................................................................................................... 6 
                   5.   CSR Committee ............................................................................................................ 6 
                   5.1     CSR Committee of the Board ..................................................................................... 6 
                   5.2     CSR Committee PIU Level ......................................................................................... 7 
                   6.   CSR Fund ..................................................................................................................... 7 
                   7.   CSR Expenditure ........................................................................................................... 7 
                   7.1     Administrative overheads ........................................................................................... 7 
                   7.2     Surplus/ unspent expenditure .................................................................................... 7 
                   7.3     Excess expenditure for set off .................................................................................... 7 
                   7.4     Creation of Capital Asset ........................................................................................... 7 
                   7.5     Expenditure towards Impact Assessment .................................................................. 8 
                   8.   CSR Reporting .............................................................................................................. 8 
                   9.   Display of CSR activities on website .............................................................................. 8 
                    
                    
                    
                         CSR Policy, Rev 1, August 2021                                                                                  Page 2 of 8 
                   1.     Abbreviations used 
                          Act                         The Companies Act, 2013 and amendments issued thereafter 
                          Rules                       The Companies (CSR Policy) Amendment Rules, 2021 
                          Schedule                    Schedule VII of the Act and amendments issued thereafter 
                          MCA                         Ministry of Corporate Affairs 
                          DPE                         Department of Public Enterprises 
                          RVNL                        Rail Vikas Nigam Limited 
                          BoD                         Board of Directors of RVNL 
                          PIU                         Project Implementation Unit of RVNL 
                          CSR                         Corporate Social Responsibility 
                          CSR Policy                  CSR Policy of RVNL approved by BoD 
                          CSR Committee               CSR Committee of the Board of RVNL 
                          MoU                         Memorandum of Understanding 
                    
                    
                    
                   2.     Policy  
                          CSR Policy means a statement containing the approach and direction given by the 
                          BoD of RVNL, taking into account the recommendations of its CSR Committee, and 
                          includes guiding principles for selection, implementation and monitoring of activities 
                          as well as formulation of the annual action plan.  
                           
                          CSR means the activities undertaken by RVNL in pursuance of its statutory obligation 
                          laid down in section 135 of the Act, in accordance with the provisions contained in the 
                          Rules and policy directions on the subject issued by the Government from time-to-
                          time.  Modification/  amendment  to  the  Policy  will  be  approved  by  the  BoD  on  the 
                          recommendation of the CSR Committee. The BoD of RVNL shall, 
                          a)  after  taking  into  account  the  recommendations  made  by  the  CSR  Committee, 
                              approve the CSR Policy of RVNL and disclose contents of the Policy in its report 
                              and also place it on RVNL's website, if any, in such manner as may be prescribed; 
                              and 
                          b)  ensure that the activities as are included in CSR Policy are undertaken by RVNL 
                    
                    
                   3.     Philosophy 
                          CSR  is  essentially  a  way  of  conducting  business  responsibly  and  RVNL  shall 
                          endeavour to conduct its business operations and activities in a socially responsible 
                          and sustainable manner at all times. RVNL will strive to contribute to inclusive growth 
                          and sustainable development with emphasis on development of weaker sections of 
                          society and in the Aspirational Districts of the country.  
                           
                          The philosophy and spirit of CSR is embedded in the core values of the company and 
                          imbibed  by  the  employees  at  all  levels  and  permeates  into  all  the  activities, 
                          processes, operations and transactions of RVNL. 
                    
                    
                    
                         CSR Policy, Rev 1, August 2021                                                                                  Page 3 of 8 
                          4.       CSR Implementation 
                                    
                          4.1      Implementing agency 
                                   The Board shall ensure that the CSR activities are undertaken by  RVNL itself or 
                                   through a company established under section 8 of the Act or a registered trust or a 
                                   registered society or any entity established under an Act of Parliament or a State 
                                   legislature  and  having  an  established  track  record  of  at  least  three  years  in 
                                   undertaking  similar  activities.  Implementing  agency  registered  with  the  Central 
                                   Government shall have a unique CSR Registration Number. 
                                    
                          4.2      External agency 
                                   RVNL may engage national/ international organizations for designing, monitoring and 
                                   evaluation of the CSR projects or programs as per CSR policy as well as for capacity 
                                   building of its own personnel for CSR. 
                                       
                          4.3      Collaboration 
                                   RVNL  may  also  collaborate  with  other  companies  for  undertaking  projects  or 
                                   programs or CSR activities in such a manner that the CSR committees of respective 
                                   companies are in a position to report separately on such projects or programs in 
                                   accordance with these rules. 
                                       
                          4.4      Mode of implementation 
                                   Generally,  either  new  or  ongoing,  CSR  activities  will  be  undertaken  in  project  or 
                                   program mode. 
                                       
                          4.5      Location of CSR projects 
                                   RVNL shall give preference to the local area, which is periphery of project areas of 
                                   RVNL and areas around it where RVNL operates, for spending the amount earmarked 
                                   for CSR activities. However, the CSR Committee may decide to locate CSR activities 
                                   anywhere in the country. 
                                       
                          4.6      Nature of CSR activities 
                                   RVNL shall undertake CSR activities in areas or subjects specified in  Schedule VII of 
                                   the Act. Priority will be accorded to two broad thrust areas of education and health 
                                   and to activities pertaining to inclusive growth of society, with special attention to the 
                                   development of weaker sections of society and in the Aspirational Districts of the 
                                   country.  Weaker  sections  would  include  SC,  ST,  OBC,  minorities,  women,  BPL 
                                   families, old and aged, physically challenged etc. 
                                       
                          4.7      Project proposal 
                                   The  CSR  Committee  PIU  level  will  forward  the  detailed  CSR  project/  program/ 
                                   activities proposal with its recommendations for consideration of the CSR Committee 
                                   of the Board. The project proposal prepared by the Committee/ external agency will 
                                   include, to the extent possible, the following: 
                                   (i)       Objectives 
                                   (ii)      Expected benefits 
                                   (iii)     Performance indicators to monitor the stated objectives 
                                 CSR Policy, Rev 1, August 2021                                                                                  Page 4 of 8