Regulation 22. Vigil mechanism.
Effective date 01.12.2015
Section 177 of The Companies Act, 2013
Vigil mechanism.
22. (1) The listed entity shall formulate a vigil mechanism for directors and employees to report genuine concerns.
(2) The vigil mechanism shall provide for adequate safeguards against victimization of director(s) or employee(s) or any other person who avail the mechanism and also provide for direct access to the chairperson of the audit committee in appropriate or exceptional cases.
Inserted vide SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2021 notification dated 05.05.2021. To view the notification, Click Here