Amperehour Solar Technology Private Limited is a reputable organization, recognized for its commitment to conducting business ethically and legally. We maintain a zero-tolerance policy against bribery and corruption.
This Anti-Bribery and Corruption Policy prohibits any form of bribe or corrupt practice with any stakeholder. This includes offering, promising, or providing any means or value to customers, government officials, business partners, or third parties to induce improper actions related to our business.
Purpose:
Amperehour Solar Technology Private Limited is a reputable organization, recognized for its commitment to conducting business ethically and legally. We maintain a zero-tolerance policy against bribery and corruption.
Scope:
This policy applies to all employees, officers, directors, and any third party directly engaged with our business. It also extends to any subsidiary, branch office, or liaison office, regardless of its location.
Bribery Definition:
Bribery involves the offer, promise, giving, demand, or acceptance of an undue advantage to induce an illegal, unethical, or trust-breaching action. Bribes often involve payments but can include anything of value, such as lavish gifts, hospitality, inside information, or favors. This policy prohibits giving bribes to public/government officials and private individuals. Bribery in any form will not be tolerated.
Corruption Definition:
Corruption typically aims to obtain financial benefits and can take various forms, including money, privileges, or promises to influence individuals in an official or public capacity. It involves wrongdoing by an authority, commercial organization, or those in power, through illegitimate, immoral, or unethical means.
Penalty:
Violation of this policy is strictly prohibited. Any employee found in violation may face severe civil and criminal penalties, in addition to disciplinary proceedings.
Prohibition of Bribery & Corruption:
a. Employees are prohibited from offering, promising, or sanctioning any payments to government officials to secure improper business advantages or influence bureaucratic processes.
b. The Company prohibits employees from obtaining illicit gains or advantages through improper means from any private entities.
c. Employees must obtain prior approval before advancing any item of value to any government official or private entity.
d. Providing travel, gifts, cash, or meals to government officials or any person in exchange for illicit gain is prohibited.
e. Using donations for unfavorable gain or to influence any person is strictly prohibited. All charitable gestures or donations must be sanctioned through proper established procedures.
f. While funds may occasionally be appropriated to promote Company products or services, such appropriations must not influence an official's normal functioning. Prior approval from the Directors is required.
g. It is strictly prohibited to employ any government official, employee of a private entity, or their relatives to influence or gain undue benefit. If such employment is necessary, prior approval of the Company's legal counsel is required.
h. Political contributions advanced to influence government officials are strictly prohibited. All political contributions will be processed through proper channels.
i. Third parties directly associated with the Company are strictly prohibited from engaging in any corrupt practices on behalf of the Company.
j. All payments to third parties for their services and contributions must be appropriately recorded and evidenced. Interactions between third parties and government officials on behalf of the Company must also be documented.
k. All third parties are obligated to conduct due diligence before engaging with government officials on behalf of the Company.
l. To ensure compliance, the Company may conduct periodic audits. All employees, directors, officers, executives, and stakeholders are obligated to cooperate with the audit process.
m. All directors, officers, employees, and stakeholders are obligated to report any policy violation to the Company's legal team or Managing Director. Failure to report such incidents constitutes a violation and will result in disciplinary action. Please refer to the Whistleblower Policy for further details.
