Swarna Pragati Housing Microfinance Pvt. Ltd. (SPHM or the Company) believes to conduct its affairs in a fair and transparent manner by adopting highest standards of professionalism, honesty, integrity and ethical behavior. The Company is committed to developing a culture where it is safe for all employees to raise concerns about any wrongful conduct concerning the policies, procedures, codes and applicable laws, rules and regulations of the Company or in relation to corruption, misuse of office, criminal offence, suspected/ actual fraud, fraudulent reporting, misappropriation or mismanagement of the Company’s assets, (hereinafter collectively referred to as ‘alleged wrongful conduct’) in good faith and to ensure that no adverse action is taken knowingly and in retaliation to the said disclosure and to provide for the procedure thereof.
This Whistle Blower Policy (Policy) is formulated under the relevant provisions under Section 177(10) of the Companies Act, 2013 and the rules made thereunder.
The purpose of this policy is to provide a framework to promote responsible and secure whistle blowing. It protects employees wishing to raise a concern about serious irregularities within the Company. The policy neither releases 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.
The complainant, Whistle & Ethics Counsellor, Members of Audit Committee, the Subject and everybody involved in the process shall: