Page 51 - Chambal SR_2015-16

Compliance Such disciplinary action may include (but is
not limited to): monetary fines, terminating or
otherwise disciplining the employee(s) involved;
the OutLOOK disciplining supervisors in accordance with the
Since agriculture is a priority sector, and fertiliser facts for failure to supervise adequately and
plays an important role in maintaining its health, control the behaviour of the employee(s); revising
it’s clear that the fertiliser industry is one of the guidelines, policies, and procedures or any function
pillars of the Indian economy. The fertiliser industry of the compliance programme to prevent the
manufactures some of the most important raw reoccurrence of misconduct in the area; increasing
materials required for crop production and auditing and monitoring procedures; or retraining.
achieving food security in the country. It directly
impacts the livelihood and happiness of millions We evaluate and amend our compliance
of farmers and their families. At the same time, programme periodically to reflect changes in
the industry can be potentially hazardous for the regulations and the overall regulatory environment.
environment; reason why it is closely monitored by • A manual listing of all the applicable Acts/
regulatory authorities, policy makers, stakeholders Regulations being complied with is in place
and the larger community. and report submitted to Managing Director by
respective department heads on a monthly basis.
COMPLIAnCe PROgRAMMe • Effectiveness of compliance is ensured by regular
At Chambal, we have a comprehensive compliance reviews and audits.
programme in place. We are committed to 100 • Compliance report from the regions is submitted
percent compliance of all applicable statutory and to the Management on a monthly basis.
regulatory laws in law and spirit. All our employees • Awareness has been created in the organization
have been sensitised in this regard, and are through regular training programmes
expected to fully comply with compliance-related concerning important aspects of various Acts
policies and procedures. At the same time, we have and Regulations.
taken care to ensure that our business operations
have been provided with the requisite infrastructure Our organisation equally weighs and addresses
and support so that we can fulfil all our obligations all compliance procedures in minute detail.
under law. We strictly follow and comply with the Acts
mentioned in Table 4.
Any employee who violates our compliance
standards is subject to appropriate disciplinary During the reporting year, there were no fines
action, up to and including termination. Our culture relating to any non-compliance with any laws and
of compliance procedures also motivate employees regulations.
to report a suspected misconduct or improper
behaviour.

The compliance programme includes activities
designed to monitor, audit and ensure compliance
with our policies and procedures. The Management
oversees and/or coordinates periodic monitoring
and auditing to ensure adherence to applicable
policies. If after investigation it is determined
that any noncompliant conduct occurred,
the matter is forwarded to the appropriate
parties for corrective and/or disciplinary action.

51