Tessitura Monti India Private Limited believes that the Directors and Employees should conduct their affairs in fair and transparent manner by adopting highest standards of ethical behavior, professionalism, integrity and honesty. The Company is committed to developing a culture where it is safe for all Directors and Employees to raise concerns about any Unacceptable Activities and/or any event of misconduct within the Company.
Pursuant to Section 177(9) of the Companies Act, 2013, provides that the Companies having borrowed money in excess of Rupees Fifty Crores needs to establish a mechanism called “Vigil Mechanism” for Employees and Directors to report the genuine concerns. The purpose of this policy is to devise a procedure by which Employee can report to the Company, allegations of known or suspected alleged Unacceptable Activities (as defined hereinafter) within the Company.
The policy neither releases Directors and/or Employees from their duty of confidentiality in the course of their work, nor is it a route for taking up a grievance about a personal situation.
DEFINITION
“Company” means Tessitura Monti India Private Limited
“Director” shall mean the Directors of the Company from time to time, or their alternatives
“Employee” shall mean the every employee of the company (including abroad employee, if any) including Directors in the employment of the Company.
“Administrator” shall the Director appointed by the Board for the purpose of receiving all reports/disclosure under this policy and ensuring appropriate action. In the first instance, the Board has appointed Mr. S Y Kelkar as Administrator to Vigil Mechanism and shall have the authority to change the Administrator from time to time.
“Whistle Blower” shall mean an Employee of the Company and includes who informs a manager, supervisor or the Administrator about an activity which that person believes to be fraudulent or dishonest.