Discuss the provisions of Vigil mechanism under SEBI Listing Obligations and Disclosure Requirements, Regulations, 2015.

Provisions of Vigil mechanism under Regulation 22, 46 and Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: The listed entity shall formulate a vigil mechanism for directors and employees to report genuine concerns. 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. The listed entity shall disseminate the details of establishment of vigil mechanism/ Whistle Blower policy. The disclosure regarding the details of establishment of vigil mechanism, whistle blower policy, and affirmation that no personnel has been denied access to the audit committee shall be made in the section on the corporate governance of the annual report.