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Your sharing of any information on this website with Mehta Prime Wealth Limited is protected and used as described in this privacy statement. Your privacy will always be protected, thanks to the efforts of Mehta Prime Wealth Limited. While visiting our website, you can be sure that if we ask for any information that may be used to identify you, it will only be used in compliance with this privacy statement.
Mehta Prime Wealth Limited reserves the right to update this page with changes to this policy at any time. This policy shall take effect on May 1, 2023.
Mehta Prime Wealth Limited is aware of how firmly faith and trust drive our partnership. Mehta Prime Wealth Limited may obtain access to its client's personal data, including private information, when they are accessing the resources on this website or using the services. Mehta Prime Wealth Limited has taken appropriate steps to safeguard the security of client information and its transmission over the Internet. The company is steadfastly devoted to protecting the privacy of its customers. However, it will not be held responsible in any way for the disclosure of private information in line with this privacy commitment, the terms of any applicable agreement with the customer, or for events beyond of its control. However, if necessary, we might have to give your personal information to the government, judicial authorities, our regulators, or to anyone else to whom the firm owes an obligation to disclose information in accordance with any law that applies to the firm or any of its branches. User's Hyperlink Policy Customers use any hyperlink to other websites at their own risk. Which in no way or manner is endorsed, monitored, or checked by Mehta Prime Wealth Limited, nor is the veracity of the opinions contained within. Any hyperlink that is set up from a third-party website to Mehta Prime Wealth Limited is not within the control of Mehta Prime Wealth Limited.
Name, gender, residential / correspondence address, telephone number, date of birth, marital status, email address or other contact information;
Personal information including date Permanent Account Number (PAN), KYC Status, Signature and Photograph;
Demographic information such as gender and income
Bank account or other payment instrument details; or any other detail for providing services and Other information that can help us improve our services
To conduct Know-Your-Customer registration as required by SEBI and/or other regulatory bodies
To perform compliance checks and keep/maintain internal records
To use the information to improve our products and services
To periodically send emails to your registered email address about your investments, or other information which we think you may find interesting.
You will be free to unsubscribe from our mailing list at any time if you do not wish to receive such emails from us. From time-to-time, we may also use your information to contact you via phone or email for market research purposes.
We will not sell, distribute or lease your personal information to third parties unless we are required to share such information under the terms and conditions of the products and services you avail, or we are required to do so by law.
We are committed to protecting the security of your information. We have put in place appropriate physical, technological, and administrative policies to safeguard and secure the information we collect online in order to prevent unauthorised access or disclosure.
Our website may contain links to other websites of interest. However, once you have used these links to leave our site, you should note that we do not have any control over such third-party websites. Therefore, we cannot be responsible for the protection and privacy of any information which you provide whilst visiting such sites. You should exercise caution and look at the privacy statement applicable to the website in question.
Please tell us as soon as possible at info@mehtaprimewealth.com if you think that any of the information we have about you is inaccurate or lacking. If any information is discovered to be inaccurate, it will be updated right away.
Mehta Prime Wealth Limited is a provider of financial services. Being a service provider that people trust with their money means that we fully appreciate and understand the security implications. We implement numerous precautions in this regard; some are structural, and some are technical.
Your information is kept private and protected; for added security, passwords are one-way encrypted before being kept in the database.
The highest standards of encryption are used in all communications with you, mutual fund companies, and other service providers.
We don't share your data with third parties unless you specifically ask us to in order to complete a transaction request.
Our company has a number of technological, legal, and operational certifications and trust verifications in place to make sure we meet these objectives. Our data is hosted by premier hosting service providers, and all of our communications are encrypted using 256-bit encryption. In order to guarantee business continuity, we also regularly backup our data.
MEHTA PRIME WEALTH LIMITED
Reg. Off.: Office No. 1109, 11th Floor, Rajhans Montessa,
Dumas Road, Magdalla, Surat-395007, Gujarat, IN
CIN No: U67190GJ2022PLC132760
In the year 2014, the Companies Act, 2013 was introduced and simultaneously with it the concept of Corporate Social Responsibility was introduced to the Corporate India. The Corporate Social Responsibility concept in India is governed by Section 135 of the Companies Act, 2013 and Rules made thereunder (including any amendment(s), statutory modification(s) or re-enactment thereof for the time being in force) wherein the criteria has been provided for assessing the CSR eligibility of a company, Implementation and Reporting of their CSR Policies.
The company’s vision already includes its commitment towards the CSR and contribution as a socially responsible company. As a corporate entity, the Company recognizes that its business activities have wide impact on the societies in which it operates.
The words in the Policy shall have the same meaning as defined under the Companies Act. 2013 and Rules thereto or any modifications/substitution thereto
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(a) |
“Act” means Companies Act, 2013 including any Statutory modification or re- enactment thereof; |
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(b) |
“Board” means Board of Directors of the Mehta Prime Wealth Limited. |
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(c) |
“Corporate Social Responsibility” generally means and includes but it is not limited to: Projects or programs relating to activities specified in Schedule VII of the Act; or Projects or programs relating to activities undertaken by the Board as per CSR policy of the Company subject to the condition that such policy includes the subject covered under Schedule VII of the Act. |
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“CSR Policy” refers to activities to be undertaken by the Company as determined by the Board of Directors from such projects or programmes relating to activities specified in Schedule VII or covered as Corporate Social Responsibility as per this policy and the expenditure thereon, excluding activities undertaken in pursuance to normal course of business of the Company. |
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“Employee” means every employee of the Company (whether working in India or abroad). |
The main objective of CSR policy is:
To attain its CSR objectives in a professional and integrated manner, followings are the activities which shall be carried out by the Company, in accordance with the provisions of Section 135 of the Companies Act, 2013 (hereinafter referred to as "the Act"), Schedule VII of the Act and the Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter referred to as "the Rules"):
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Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water. |
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promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects. |
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promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups. |
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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. |
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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; |
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measures for the benefit of armed forces veterans, war widows and their dependents, Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans, and their dependents including widows; |
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training to promote rural sports, nationally recognised sports, paralympic sports and olympic sports |
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contribution to the prime minister’s national relief fund or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES 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; |
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(ix) |
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Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government; and |
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Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information Technology and other bodies, namely Defense Research and Development Organisation (DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs). |
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rural development projects |
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Slum area development. |
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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. |
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disaster management, including relief, rehabilitation and reconstruction activities. |
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Any other activity falling within the scope of Section 135 of the Companies Act, 2013, read with the applicable Rules and amendments made thereunder, including such activities as may be prescribed or notified by the Central Government from time to time and which qualify as Corporate Social Responsibility, subject to the approval of the Board of Directors. |
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In terms of Section 135(9) of the Companies Act, 2013, where the amount required to be spent by a company on Corporate Social Responsibility does not exceed ?50,00,000, the requirement for constitution of a Corporate Social Responsibility Committee is not applicable, and the functions of such Committee are required to be discharged by the Board of Directors of the Company.
Accordingly, the Company has not constituted a CSR Committee. The Board of Directors has discharged all the functions prescribed under Section 135 of the Companies Act, 2013, including formulation and approval of the Corporate Social Responsibility Policy and monitoring of CSR activities.
The CSR Policy of the Company was formulated and approved by the Board of Directors on 05th August, 2024.
The Board of Directors shall—
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formulate a Corporate Social Responsibility Policy which shall indicate the activities to be undertaken by the company in areas or subject, specified in Schedule VII. |
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the amount of expenditure to be incurred on the activities referred to in clause (a); and. |
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monitor the Corporate Social Responsibility Policy of the company from time to time. |
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Every applicable year, a CSR Plan defining the CSR Programmes to be carried out during the financial year and the specified budgets thereof. |
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The Board will consider and approve the CSR Plan with or without any modification that may be deemed necessary. |
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The Company may execute the task of implementation of the CSR Plan either itself or through such persons or bodies as it may deem fit. |
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The persons/bodies to which the implementation is assigned will carry out such CSR Programmes as determined by the Board of Directors within the specified budgets and time frames and report back to the Board of Directors on the progress thereon at such frequency as the Board of Directors may direct but not more than six months of the last meeting held. |
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The Board of Directors shall review the implementation of the CSR Programmes periodically and keep the status of the progress of implementation of the approved CSR Programmes. |
The corpus for the purpose of carrying on the aforesaid activities would include the followings:
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At least 2% of the average Net Profit made by the Company during immediately preceding three Financial Years in accordance with the provisions of sub section (5) of section 135 of the Act. |
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any income arising there from. |
CSR expenditure shall include all expenditure including contribution to corpus, for projects or programs relating to CSR activities approved by the Board, but does not include any expenditure on any item not in conformity or not in line with activities which fall within the purview of Schedule VII of the Companies Act 2013.
The expenditure incurred on CSR activities shall not be deemed to an expenditure incurred by the assesse for the purposes of the business or profession under Income Tax Act 1961.
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The Board of Directors shall deliberate on CSR matters at least twice in a financial year during its Board Meetings and take appropriate decisions as required. |
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Reflect the CSR activities in the annual accounts of the Company. |
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Disclose/ display the contents of this CSR policy on the website of the Company. |
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The Board’s Report of the Company to include an annual report on CSR containing particulars specified in the annexure to the rule pertaining to a financial year in which the CSR expenditure takes place. |
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The Board shall have the authority for approval of this policy.
The Board is authorized to make such alterations to this Policy as considered appropriate, subject, however, to the condition that such alterations shall be in consonance with the provisions of the Acts and Regulations.
The policy will be effective with effect from the date of approval by the Board.
Nothing contain in this policy shall operate in derogation of any law for the time being in force or of any regulation in force.
In any circumstances where the terms of Policy differ from any applicable law governing the Company, such applicable law shall take precedence over this policy and procedures until such time as this Policy is modified in conformity with Applicable Law.