Corporate Social Responsibility

Our CSR Vision & Objectives:

Vision: – Our vision is to behave ethically & contribute to the Social, Economic and Environmental Development of the community in which we operate ensuring participation from the community and thereby create value for the nation.

Objectives:

  • To set up the guiding principles for carrying out CSR
  • To set up processes for promoting, investing, engaging, collaborating, implementing andmonitoring of the CSR activities to be undertaken by the
  • To conduct its business in line with the Responsible Business
  • To create superior value for our
  • Implementation of the CSR activities in Projects/Programme mode through a focusedapproach for generating maximum

Our Activities:

Our focus areas where the CSR activities would be undertaken are as per Schedule VII of the Act:

  1. Eradicating hunger, poverty and malnutrition, [“promoting health care including preventive health care”] and sanitation [including contribution to the Swachh Bharat Kosh set-up by the Central Government for the promotion of sanitation] and making available safe drinking water.
  2. Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement
  3. Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.
  4. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water [including contribution to the Clean Ganga Fund set-up by the Central Government for rejuvenation of river Ganga.
  5. Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and handicrafts;
  6. Measures for the benefit of armed forces veterans, war widows and their
  7. Training to promote rural sports, nationally recognized sports, Paralympic sports and Olympic sports
  8. Contribution to the prime minister’s national relief fund or any other fund set up by the central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women.
  9. Contributions or funds provided to technology incubators located within academic institutions which are approved by the central
  10. Rural development projects
  11. Slum area development

Explanation. – For the purposes of this item, the term ‘slum area’ shall mean any area declared as such by the Central Government or any State Government or any other competent authority under any law for the time being in force.

Disclosure:

The Company will comply with section 135(2), 135(4)(a) and 134(3)(0) and any other applicable provisions of the Act and will ensure to make a disclosure of its CSR Policy, Implementing agency, expenditure details and the composition of CSR committee of the Board.

Reporting:

In consonance with the section 134(3)(0), Companies are required to incorporate in their Annual Report, a special note on CSR containing the following:

  • Outline of the Company’s CSR policy, with an overview of projects and Programmes to be undertaken and reference to the web-link to CSR
  • Composition of CSR
  • Average net profit of the Company for last three financial
  • CSR expenditure (2% of the net profit for last three financial years).
  • Details of expenditure on CSR during financial
  • If the Company fails to spend 2% of the average net profit, the reason

Monitoring:

CSR Committee will review the progress on the CSR activities undertaken by the Company on a regular basis and report on the same to the Board.

Composition Of Corporate Social Responsibility Committee (CSR Committee)

The Composition of the CSR Committee is as under:

S. No

CSR Committee Member

Designation/Category

Role in the CSR Committee

1

Mr. Vijay Tattamangalam Sreenivasan

Managing Director

Chairman

2

Mr. Nathan Jared Schultz

Director

Member

3

Mr. Sam Prabhu Dayal Oguri

Director

Member

Corporate Social Responsibility Annual Action Plan FY 2021-22

Chegg India Private Limited (‘the Company’) has formulated this Annual Action Plan for undertaking CSR activities during the financial year 2021-22 pursuant to provisions of Section 135 of the Companies Act, 2013 (“Act”) read with Rule 5(2) of the Companies (Corporate Social Responsibility Policy) Rules, 2014 (as amended) and CSR Policy of the Company, which sets the target to make the contribution in areas or subjects, specified in the Company’s CSR Policy read with Schedule VII of the Companies Act, 2013.

1. Areas for CSR Contribution :

Our focus areas where the CSR activities would be undertaken are as per Schedule VII of the Act shall include but not limited to:-

Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects.

2. CSR Budget:

Amount for FY 2021-22

  • Number of projects proposed: 1
  • Average net profit of the company for last three financial years: INR 483,042,565
  • Prescribed CSR Expenditure (two per cent of the average net profit of the company for last three financial years): INR 9,660,851

3. CSR Project /Program:

The list of CSR projects or programs that are approved to be undertaken in areas or subjects specified in Schedule VII of the Act:

Sl. No.

Names of CSR Projects/ Programmes

Brief about the Programme

Modalities of utilisation of funds

Funds allocated

Implementati on Schedule

Monitoring & Reporting Mechanism

1

Project ‘Shiksha’: Providing infrastructure to Delhi Government School for imparting quality education.

Chegg India agrees to support SEEDS(Name of the CSR Partner) for the purpose of providing infrastructure in form of desks and other furniture in schools in Delhi

Through Implementation Agency

‘SEED”

INR 96,60,851

On or Before 31st March 2022

The implementing partners will report on a quarterly basis the progress of the project activities, the utilization of funds disbursed. Further the Board of Directors of a company shall satisfy itself that the funds so disbursed have been utilised for the purposes and in the manner as approved by it and the Chief Financial Officer or the person responsible for financial management shall certify to the effect.

The CSR Committee may also approve changes in the above activities/ programs from time to time and recommend the same to the Board.

4. Details of need and impact assessment, if any, for the projects undertaken by the company.

Since the average CSR obligation in the three immediately preceding financial years is less then Rs. 10 Crores and there is no project with an outlay of INR one (1) crore having been completed not less than one year, the provisions relating to the impact assessment under sub rule 3 of Rule 8 are not applicable to the Company.

The above CSR Annual Action Plan is approved by the Board of Directors as on the date of signature . The CSR Committee may also approve changes in the above activities/ programs from time to time and recommend the same to the Board.