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This Code of Conduct
shall be observed by all the Managerial personnel
and all the employees of the Company and shall
be in force until further notice:
1.
National Interest |
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The Management of the company shall be committed in all its actions to benefit the economic development of the country. It shall not engage in any activity that adversely affects such an objective. It shall not undertake any project or activity to the detriment of the nation's interests, or those that will have any adverse impact on the social and cultural life patterns of its citizens. The company shall conduct its business affairs in accordance with the economic, development and foreign policies, objectives and priorities of the Government, and shall strive to make a positive contribution to the achievement of such goals at the national and regional level, as appropriate. |
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2.
Equal-Opportunities Employer |
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The Management shall provide equal opportunities to all its employees and all qualified applicants for employment, without regard to their race, caste, religion, colour, ancestry, marital status, sex, age, nationality and disability. Employees of the company shall be treated with dignity and in accordance with maintaining a work environment free of sexual harassment, whether physical, verbal or psychological.
Employee policies and practices shall be administered in a manner that ensures that in all matters equal opportunity is provided to those eligible and that decisions are based on merit.
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3.
Financial Reporting and Records |
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The Management shall prepare and maintain its accounts fairly and
accurately in accordance with the accounting and financial reporting
standards which represent the generally accepted guidelines, principles,
standards, laws and regulations of the country.
Internal accounting and audit procedures shall
fairly and accurately reflect all of the company's business transactions
and disposition of assets. All required information shall be accessible
to company auditors and other authorised parties and government agencies.
There shall be no willful omissions of any company transactions from
the books and records, and no hidden bank account and funds.
Any willful material misrepresentation of and/or
misinformation on the financial accounts and reports
shall be regarded as a violation of this code,
apart from inviting appropriate civil
or criminal action under the relevant laws. |
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4.
Competition |
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The Management of the company shall market its services on its
own merits and shall not make unfair and misleading
statements about competitors' products and services. Any collection
of competitive
information shall be made only in the normal course
of business and shall be obtained only through legally permitted
sources and means. |
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5.
Gifts and Donations |
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The Management and its employees shall neither receive nor offer or make, directly or indirectly, any illegal payments, remuneration, gifts, donations or comparable benefits which are intended to or perceived to obtain business or uncompetitive favours for the conduct of its business.
The Management and its employees shall not offer or give any company funds or property as donation to any government agencies or their representatives, directly or through intermediaries, in order to obtain any favourable performance of official duties. |
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| 6.
Health, Safety and Environment |
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The Management of company shall strive to provide a safe and healthy working environment and comply, in the conduct of its business affairs, with all regulations regarding the preservation of the environment of the territory it operates in. The company shall be committed to prevent the wasteful use of natural resources and minimise any hazardous impact due to use and disposal of any of its products and services on the ecological environment. |
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| 7.
Quality of Products and Services |
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The Management of company shall be committed to supplying Engineering and allied services of the highest quality standards to ensure total satisfaction of customers/clients.. The quality standards of the company's services should meet the required national standards, and the company should endeavour to achieve international standards. |
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| 8.
Corporate Citizenship |
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The Management of company
shall be committed to be a good corporate citizen,
by complying with
all relevant laws and regulations of the land
and also by actively ensuring concern for the
overall
improvement of the quality of life of the people
it employs in its business ventures..
The company shall strive to
meet the social obligations as an integral part
of its business
plans.. |
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9. Public Representation of the Company and the
Subsidiaries |
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The Management of company
shall honour the information requirements of
the public and its stakeholders.
In all its public appearance with respect to
disclosing company and business information to
public such
as the media, the financial analysts, employees
and shareholders, the company or its Subsidiaries
shall be represented only by specifically authorised
directors and employees. It will be the sole
responsibility of these authorised representatives
to disclose
information on the company and its subsidiaries. |
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10. Ethical Conduct |
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Every employee of the company
and its subsidiaries, including whole-time directors
and the managing
director, shall deal on behalf of the company
with honesty and integrity, as well as high moral
and
ethical standards and professionalism which will
be free and transparent. |
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11. Shareholders Values |
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The Management of company
shall be committed to enhance shareholder value
and comply with all
regulations and laws that govern shareholders'
rights. The board of directors shall duly and
fairly inform its shareholders about all relevant
aspects
of the company's business, and disclose such
information in accordance with the respective
regulations and
agreements.
Every employee shall be responsible for the implementation
of and compliance with this code in his or her
professional capacity and the Management is vested
with rights to enforce adherence to the Code
of Conduct by all employees and to take appropriate
disciplinary action as it may deem fit, in
the event of non compliance.
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12. Regulatory compliance |
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Every employee of the
company shall, in his or her business conduct,
comply with all applicable
laws and regulations, both in letter and in spirit,
in all the Regions in which he or she operates. |
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13. Concurrent Employment |
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No
employee or Director of the company shall without
the prior approval of the managing director of
the company, accept concurrent employment or
a position of responsibility such as a consultant
or a director with any other company, in India
or abroad, nor provide 'freelance' services to
anyone. |
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14. Conflict of Interest |
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No
employee shall engage in any business, enter
into a contractual relationship or activity which
might conflict with the interest of the company
or its subsidiaries to their detriment. And this
includes an employee being in a position to derive
a personal benefit or a benefit to any of his
or her relatives by making or influencing decisions
relating to any transaction of the company.
Acceptance of gifts, donations, hospitality and/or
entertainment beyond the customary level from existing
or potential suppliers, customers or other third
parties which have business dealings with the company
is also prohibited.
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15. Insider Information |
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No
employee of the company and his or her immediate
family shall derive any benefit or assist others
to derive any benefit from access to and possession
of information about the company or its subsidiaries,
which is not in the public domain and thus constitutes
insider
information. He/She shall not use or disseminate
information which is not available to the
investing public and which therefore constitutes
insider information for making or giving
advice on investment decisions on the securities
of the company on which such insider information
has been obtained.
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16. Protecting Company Assets |
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The
assets of the company – both tangible and
intangible - shall not be misused but shall be
employed for the purpose of conducting the business
for which they are duly authorised. |
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17. Citizenship |
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An
employee shall in his or her private life be
free to pursue an active role in civic or political
affairs as long as it does not adversely affect
the business or interests of the company or
its subsidiaries.
This Code Of Conduct shall be in force till
such time the Management decides to make
changes as
and when necessary and such changes in the
Code shall be binding upon all the employees
of the
company and its subsidiaries.
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