Business is the activity of making one's living or making money. One business makes a commercial transaction with another. A business entity is an entity that is formed and administered as per corporate.
The company places uncompromising emphasis on integrity, ethical conduct and adherence to regulatory compliances. This code of conduct should ensure compliance with all legal requirements and with the company ''s standards on business conduct. All Directors and members of Senior Management of the company must act within the authority conferred upon them and with a duty to take informed decisions in the best interests of the company and its shareholders/stakeholders.
With a view to maintain the high standards of Corporate governance, the following code of conduct should be observed diligently. All Directors and members of the senior management must understand the importance of compliance and the consequences of non-compliance. The company has appointed the Company Secretary as a Compliance Officer for the purposes of this code. This code is subject to modification. The company will up-date this Code from time to time to ensure that it reflects changes in the law/regulatory environment and gives appropriate emphasis to current issues of concern. The company will notify such change to all the Directors and members of Senior Management.
All Directors and members of Senior Management shall conduct their activities, on behalf of the company and on their personal behalf, with honesty, integrity and fairness. All the Directors and members of Senior Management will act in good faith, responsibly, with due care, competence and diligence, without allowing their independent judgment to be affected. The Directors and members of Senior Management will act in the best interests of the Company to fulfill their fiduciary obligations.
The Directors on the Board of the company and members of Senior Management shall not
engage in any business,
relationship or activity, which may be in conflict of interest of the company or the
group.
Following are some of the common circumstances that may lead to a conflict of
interest, actual or potential -
a) The Directors and members of Senior Management should not engage in any
activity/employment that interferes
with the performance or responsibility to the company or otherwise in conflict with
or prejudicial to the company.
b) The Directors and members of Senior Management and their immediate families
should not invest in a company,
customer, supplier, developer or competitor and generally refrain from investments
that compromise their responsibility to the Company.
The Directors and members of Senior Management are required to comply with all
applicable laws,
rules and regulations, both in letter and in spirit. In order to assist the company
in promoting
lawful and ethical behaviour, Directors and members of Senior Management must report
any possible
violation of law, rules, regulation or the code of conduct to the Chairman. This
standard lays down
the compliance with all central, local, state and other applicable laws, rules and
regulations.
Outside/or other Directorships
The Company feels that serving on the Board of Directors of other companies may
raise substantial
concerns about potential conflict of interest. And therefore, all Directors must
disclose such
relationships to the Board as and when they are appointed/cease to be on the Board
of Directors
of other companies and any changes therein.
Any information concerning the company''s business, its customers, suppliers etc., which is not in the public domain and to which the Directors and members of Senior Management have access or possesses such information, must be held in confidence, unless the disclosure is required as a matter of law. No Director or member of Senior Management shall provide any information either formally or informally, to the press or any other publicity media, unless specially authorized.
No director or members of Senior Management of the Company shall receive or offer, directly or indirectly, any gifts, donations, remuneration, hospitality, illegal payments and comparable benefits which are intended (or perceived to be intended) to obtain business (or uncompetitive favours or decisions) for the conduct of business. Nominal gifts of commemorative nature, for special events may be accepted or offered.
The Directors and members of Senior Management must protect the company''s assets including human resources and information and may not use these for personal use, unless approved by the Board.
Any waiver of any rule of this Code by any Director or by any member of Senior Management must be approved in writing by the company''s Board and should be disclosed.
The rules contained in this Code are of utmost importance to the company, its stakeholders and its business partners. Therefore, all Directors and members of the Senior Management should adhere to these rules. The company will take appropriate disciplinary action on deliberate failure to comply with these rules in a way that is fair, transparent and effective manner.
9 Shiv Shakti Ind. Est., J.R Boricha Marg, Lower Parel (E), Mumbai-400011
T: (022) 23016761 / 23012518
Email: support@purvashare.com
Website: www.purvashare.com