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VIGIL MECHANISM POLICY GUARD SUGAR & POWER LIMITEDIntroduction: Pursuant to the provisions of Section 177(9) of the Companies Act, 2013 and Rule 7 of the Companies (Meetings of Board bandits Powers)

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How to fill out vigil mechanism policy

01

Define the purpose of the vigil mechanism policy.

02

Identify the scope of the policy and the individuals/entities covered by it.

03

Establish the procedures for reporting any unethical behavior or misconduct.

04

Define the roles and responsibilities of the stakeholders involved in the vigil mechanism.

05

Implement a system for investigating and resolving reported cases.

06

Ensure confidentiality and protection for whistleblowers.

07

Periodically review and update the policy as necessary.

Who needs vigil mechanism policy?

01

All organizations, including corporations, non-profits, government agencies, and any other entity that wants to promote transparency, accountability, and ethical conduct within their operations.

02

Employees, customers, suppliers, contractors, and other stakeholders who may come across unethical behavior or misconduct within the organization.

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What is vigil mechanism policy?

A vigil mechanism policy is a set of procedures and guidelines established by an organization to allow employees to report concerns or grievances regarding unethical behavior, fraud, corruption, or any other misconduct.

Who is required to file vigil mechanism policy?

All companies listed on stock exchanges are required to have a vigil mechanism policy in place.

How to fill out vigil mechanism policy?

The vigil mechanism policy can be filled out by outlining the procedures for reporting concerns, ensuring confidentiality, conducting investigations, and taking appropriate actions.

What is the purpose of vigil mechanism policy?

The purpose of vigil mechanism policy is to promote transparency, integrity, and accountability within an organization by providing a platform for employees to raise concerns without fear of retaliation.

What information must be reported on vigil mechanism policy?

The vigil mechanism policy should include details on how to report concerns, the process for investigating complaints, protection for whistleblowers, and actions that will be taken in response to reported misconduct.

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