FOR IMPLEMENTING AGENCIES

ADDRESSING OF PROPOSALS

All proposals to associate with Company for undertaking CSR initiatives should be addressed to:

General Manager (CSR) The Oriental Insurance Company Limited
‘ORIENTAL HOUSE’
A-25/27, Asaf Ali Road
NEW DELHI-110 002

GUIDELINES TO ASSOCIATE WITH THE COMPANY

The criteria/procedure for selection of implementing agencies as laid down in the CSR Policy of the Company is detailed below

  • The organization should have proven record of having implemented the projects as mentioned in Schedule VII for a minimum of three years OR they should demonstrate ability for implementing such projects mentioned in Schedule VII
  • The organization should not have any outstanding litigation pending against it or any regulatory warnings or actions during the last three years period
  • The credentials of the organization should be provided to the company for appraisal and to do back ground check
  • Organizations selected by other PSU’s / PSE’s would be given priority
  • The total expenses incurred by the organization for its administrative purposes should not exceed 10% of the total corpus of the organization
  • The organization should be registered as a society or charitable institutions under their respective acts. (Such as Society Registration Act, 1860 or any other relevant Act.)
  • The organization should be registered with Income Tax Authorities
  • The Accounts of the organization should be audited
  • A copy of ‘FCRA’ certificate should be provided if the organization receives any foreign funding.
  • A certificate from the Local authorities such as Office of District Magistrate / SDM certifying that there is no complaint lodged against the organization, it is doing good work and that the funding received will be used for purposeful utilization

 

PROCESS

All the proposals received from implementing agencies will be sent to the respective Regional Office in whose territory the activities are being undertaken / proposed to be undertaken. A team of employees will be deputed to inspect the actual activities at the premises of the implementing agency and the team will also check the requisite certificates / documents submitted to the Company with originals besides taking photographs. The inspection report will be analyzed by Corporate CSR department before placing the proposal before the internal management committee for selection of implementing agencies after which it will be placed before the CSR Sub-Committee of the Board for final approval

Disclaimer: Subject to changes as per directives of Government / Board of Directors / CSR Sub-Committee of the Board.