This Policy covers reporting by whistle blowers the malpractices and events which have taken place or suspected to have taken place, misuse or abuse of authority, fraud or suspected fraud, manipulations, negligence causing danger to public health and safety, misappropriation of monies, assets and other matters or activity on account of which the interest of the Company is affected.
4.1. "Alleged wrongful conduct" shall mean violation of law, misappropriation of monies, actual or suspected fraud, substantial and specific danger to public health and safety or abuse of authority".
4.2. "Nominated Director" means a Director Nominated by the Board of Directors of the Company to play the role of audit committee for purpose of vigil mechanism to whom other directors and employee may report their concerns.
4.3. "Board" means the Board of Directors of the Company.
4.4. "Company" means INDIANOIL PETRONAS PVRIVATE LIMITED.
4.5. "Employee" means all the present employees and Directors of the whole time employment of the Company.
4.6. "Protected Disclosure" means a concern raised by an employee or group of employees of the Company, through a written communication and made in good faith which discloses or demonstrates information about an unethical or improper activity under the title "SCOPE OF THE POLICY" with respect to the Company. However, the Protected Disclosures should be factual and not speculative or in the nature of an interpretation I conclusion and should contain as much specific information as possible to allow for proper assessment of the nature and extent of the concern.
4.7. "Subject" means a person or group of persons against or in relation to whom a Protected Disclosure is made or evidence gathered during the course of an investigation.
4.8. "Whistle Blower" is an employee or group of employees who make a Protected Disclosure under. this Policy and also referred in this policy as complainant.