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| Group Profile |
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| Compliance |
| At Mahindra, we remain in compliance to high standards of corporate governance, business integrity and professionalism across business operations. We have an active compliance committee to ensure adherence to all regulatory framework applicable to the Group. We also abide with Competition Act 2002 which is a mandatory legislation that deals with anti competitive behaviour. |
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The company is in accordance with all the requirements of regulatory authorities. During
the last four years, there were no instances of non-compliance by the Company and no penalty
or strictures were imposed on the Company by Stock Exchanges or SEBI or any statutory authority, on any matter related to the capital markets. We incurred no fines from
any regulatory authority for non-compliance of laws and regulation in year 2010-11. |
| Regulatory Compliance |
| The audit committee is responsible to ensure 100% regulatory compliance across various sectors. We undertake regular audits to ensure strict adherence. Wherever related observations exist, they are immediately brought to the notice of the site senior management and corrective actions are taken to resolve the issue. Regulatory compliance is periodically reviewed by the Group Executive Board (GEB). |
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