Anti-Corruption Compliance Policy
Ensuring Ethical Business Practices and Compliance at Intellinet Systems Pvt. Ltd.
Purpose and Goals
The primary aim of our anti-corruption compliance policy is to ensure that all employees, agents, and representatives of Intellinet Systems conduct business ethically and in full compliance with applicable Indian laws, including the Prevention of Corruption Act, 1988.
Key Components
1. Prohibition of Bribes and Corruption:
Intellinet Systems strictly prohibits any form of bribery or corruption. This includes offering, promising, giving, or authorizing payment of anything of value to influence a business decision improperly or to secure an unfair advantage.
Facilitation payments are explicitly forbidden.
2. Gifts and Entertainment:
Employees must not offer or accept gifts, entertainment, or other benefits that could be perceived as a means to influence business decisions.
Any gifts or entertainment provided must be modest, reasonable, and comply with local laws and corporate policies.
3. Payment of Commissions:
Payment of commissions to third parties must be transparent, properly documented, and based on legitimate business services.
All transactions involving commissions must undergo rigorous due diligence to ensure no improper payments are made.
4. Training and Awareness:
Regular training programs will be conducted to educate employees on anti-corruption laws, corporate policies, and ethical business practices.
Employees are required to complete mandatory training sessions and pass evaluations to ensure understanding and compliance.
5. Reporting and Investigation:Intellinet Systems has established a comprehensive compliance program to monitor and enforce the anti-corruption policy.
Intellinet Systems encourages employees to report any suspicious activities or violations of the anti-corruption policy through an anonymous hotline or designated reporting channels.
All reports will be thoroughly investigated, and appropriate actions will be taken, including disciplinary measures against those found guilty of violations.
Compliance and Monitoring
This includes regular audits, risk assessments, and reviews to ensure continuous adherence to ethical standards.
The compliance team is responsible for maintaining up-to-date records, conducting periodic reviews, and providing reports to senior management and the board of directors.
Commitment to Integrity
Intellinet Systems is committed to maintaining the highest standards of integrity and ethical behavior in all business dealings. Our anti-corruption compliance program is designed to foster a culture of transparency, accountability, and ethical conduct across the organization.
Legal Framework in India
Our policy aligns with key Indian regulations, including:
1. The Prevention of Corruption Act, 1988: This act criminalizes the acceptance of bribes by public officials and prohibits the offering of bribes to public servants.
2. The Companies Act, 2013: This act includes provisions related to the governance of companies in India and mandates ethical business practices.
3. Whistleblower Protection: Intellinet Systems supports the Whistleblowers Protection Act, 2014, ensuring that employees can report corruption without fear of retaliation.
By implementing these measures, Intellinet Systems aims to prevent, detect, and respond effectively to any forms of corruption, ensuring that our business operations remain ethical and lawful at all times.
The primary aim of our anti-corruption compliance policy is to ensure that all employees, agents, and representatives of Intellinet Systems conduct business ethically and in full compliance with applicable Indian laws, including the Prevention of Corruption Act, 1988.
Key Components
1. Prohibition of Bribes and Corruption:
Intellinet Systems strictly prohibits any form of bribery or corruption. This includes offering, promising, giving, or authorizing payment of anything of value to influence a business decision improperly or to secure an unfair advantage.
Facilitation payments are explicitly forbidden.
2. Gifts and Entertainment:
Employees must not offer or accept gifts, entertainment, or other benefits that could be perceived as a means to influence business decisions.
Any gifts or entertainment provided must be modest, reasonable, and comply with local laws and corporate policies.
3. Payment of Commissions:
Payment of commissions to third parties must be transparent, properly documented, and based on legitimate business services.
All transactions involving commissions must undergo rigorous due diligence to ensure no improper payments are made.
4. Training and Awareness:
Regular training programs will be conducted to educate employees on anti-corruption laws, corporate policies, and ethical business practices.
Employees are required to complete mandatory training sessions and pass evaluations to ensure understanding and compliance.
5. Reporting and Investigation:Intellinet Systems has established a comprehensive compliance program to monitor and enforce the anti-corruption policy.
Intellinet Systems encourages employees to report any suspicious activities or violations of the anti-corruption policy through an anonymous hotline or designated reporting channels.
All reports will be thoroughly investigated, and appropriate actions will be taken, including disciplinary measures against those found guilty of violations.
Compliance and Monitoring
This includes regular audits, risk assessments, and reviews to ensure continuous adherence to ethical standards.
The compliance team is responsible for maintaining up-to-date records, conducting periodic reviews, and providing reports to senior management and the board of directors.
Commitment to Integrity
Intellinet Systems is committed to maintaining the highest standards of integrity and ethical behavior in all business dealings. Our anti-corruption compliance program is designed to foster a culture of transparency, accountability, and ethical conduct across the organization.
Legal Framework in India
Our policy aligns with key Indian regulations, including:
1. The Prevention of Corruption Act, 1988: This act criminalizes the acceptance of bribes by public officials and prohibits the offering of bribes to public servants.
2. The Companies Act, 2013: This act includes provisions related to the governance of companies in India and mandates ethical business practices.
3. Whistleblower Protection: Intellinet Systems supports the Whistleblowers Protection Act, 2014, ensuring that employees can report corruption without fear of retaliation.
By implementing these measures, Intellinet Systems aims to prevent, detect, and respond effectively to any forms of corruption, ensuring that our business operations remain ethical and lawful at all times.
