Anti Bribery Policy
At Vedatrix, we uphold integrity and transparency through our Anti-Bribery Policy, fostering a culture of honesty, accountability, and ethical leadership.
Anti-Bribery and Anti-Corruption Policy
Commitment to Ethical Practices
Introduction
At Vedatrix, we believe in conducting business with integrity and fairness. Our Anti-Bribery and Anti-Corruption Policy is rooted in the principles of transparency, accountability, and adherence to Indian laws, including the Indian Penal Code (IPC) and the Prevention of Corruption Act (PCA).
Policy Highlights
- Zero Tolerance for Bribery: Prohibition of any form of bribery or corruption, including facilitation payments.
- Compliance with Laws: Adherence to the Prevention of Corruption Act, Indian Penal Code, and other relevant legislations.
- Applicability: Applies to all employees, contractors, vendors, and third parties acting on behalf of Vedatrix.
Red Flags to Watch Out For
- Unusual payment patterns or high commissions.
- Requests to bypass anti-bribery clauses in contracts.
- Excessive gifts or hospitality aimed at influencing decisions.
Key Policy Areas
Gifts and Hospitality: Permissible only when modest, lawful, and compliant with internal guidelines. Cash gifts are strictly prohibited.
Interaction with Government Officials: All dealings must be transparent and adhere to statutory regulations.
Third-Party Relationships: Comprehensive due diligence and contractual safeguards are mandatory.
Reporting and Whistleblowing
Employees and stakeholders are encouraged to report any suspected bribery or corruption through our Whistleblower Mechanism. All reports will be handled confidentially without retaliation. Email: info@vedatrix.com
Accountability and Penalties
Violations of this policy are treated as serious offenses, with disciplinary actions including termination. Criminal acts under the PCA or IPC may lead to imprisonment, fines, and other legal consequences.