CODE OF CONDUCT FOR DIRECTORS (SECTION 166 OF THE COMPANIES ACT, 2013):
i) Act in accordance with the Articles of the Company
ii) Act in good faith in order to promote the Objects of the Company for benefits of its members as a whole and in best interest of the Company, its employees, its Shareholders, the community and for protection of environment.
iii) Exercise its duties with due and reasonable care, skill and diligence and shall exercise independent judgment.
iv) Not involve in a situation in which he may have direct or indirect interest that conflict or possibly may conflict, with the interest of the Company.
v) Not Achieve or attempt to achieve any undue gain or advantage either to himself or his relatives, partners, or associates and if such director is found guilty of making any undue gain, he shall be liable to pay an amount equal to that gain to the Company.
vi) Not assign his office and any assignment so made shall be void
CODE OF CONDUCT FOR NON-EXECUTIVE DIRECTORS:
Non-Executive Directors of the Company shall
i) Always act in the interest of the company and ensure that any other business or personal association which they may have, does not involve any conflict of interest with the operation of the Company and their role therein.
ii) Comply with all applicable laws and regulations of all the relevant regulatory and other authorities as may be applicable to them in their individual capacities.
iii) Safeguard the confidentiality of all information received by them by virtue of their position.
CODE FOR INDEPENDENT DIRECTORS (SCHEDULE IV OF COMPANIES ACT, 2013)
The Code is a guide to professional conduct for independent directors. Adherence to these standards by independent directors and fulfillment of their responsibilities in a professional and faithful manner will promote confidence of the investment community, particularly minority shareholders, regulators and companies in the institution of independent directors.
Guidelines of professional conduct:
An independent director shall:
(1) Uphold ethical standards of integrity and probity;
(2) act objectively and constructively while exercising his duties;
3) exercise his responsibilities in a bona fide manner in the interest of the company;