VIGIL MECHANISM / WHISTLE BLOWER POLICY OF SRI RAMADAS MOTOR TRANSPORT LIMITED
As Per Section 177(9) of the Companies Act,2013 read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules,2014 the Company being a Company covered under the said Section read wth the Rules established the vigil mechanism to work under aegis of the Audit Committee of the Company. And Accordingly the Company lays down the principles and standards that should govern their actions. Any actual or potential violation of the Code, howesoever insignificant or perceived as scuh, is a matter of serious concern for the Company should be brought to the attention of the concerned.
The Policy covers malpractices and events which have taken place/ suspected to take place involving:
1. Abuse of authority
2. Breach of contract
3. Negligence causing substantial and specific danger to public health and safety
4. Manipulation of company data/records
5. Financial irregularities, including fraud, or suspected fraud
6. Criminal offence
7. Pilferation of confidential/propriety information
8. Deliberate violation of law/regulation
9. Wastage/misappropriation of company funds/assets
10. Breach of employee Code of Conduct or Rules
All Employees of the Company including directors are eligible to make Protected Disclosures under the Policy in relation to matters concerning the Company.
RECEIPT AND DISPOSAL OF PROTECTED DISCLOSURES.
All Protected Disclosures should be addressed to the Vigilance and Ethics Officer of the Company.The contact details of the Vigilance and Ethics Officer is as under:-
K.S.V.N.S. Kameswara Rao
Sri Ramadas Motor Transport Limited
D.No. 327, Street No.100, Main Road.
The Audit Committee of the Company will make impartial enquiry and investigation in to issue and inform the whistle blower the outcome.
We strongly believe in giving back to our community not only through philanthropy but also by performing business activities in a social, economical and environmentally responsible manner. Recognizing the important role of a corporate entity within its community, we are motivated by sustainable development and implementing activities supporting this belief in our day to day activities.
To actively contribute to the social, economic and environmental development of communities in which we operate while meeting stakeholder expectations.
Identification and Implementation of Projects
Projects are identified as per the requirements of the New Companies Act, 2013, by management.
Our areas of interest are Education, Healthcare and Safe Drinking Water. In Education and Healthcare, our endeavor is to construct buildings with necessary facilities and handover to the Government or Local Authorities. This would be on a partnership basis in conjuction with the local governing bodies.
SRMT has been delivering safe drinking water for over ten years to local communities. We plan to continue our efforts with the endeavor and come up with innovative ways to supply this basic necessity.
CSR Committee and the Board of Directors will take responsibility for the implementation of the CSR Policy in terms of the Provisions of the Companies Act, 2013, rules and regulations.
A specific budget is allocated for CSR activities, this budget is project driven.
Our Board of Directors, Management and Employees subscribe to the philosophy of compassionate care. We believe and act on an ethos of generosity and compassion, characterized by a willingness to build a society that works for everyone.