Micromax Info Essay

Regd. Office 21/14, Naraina Industrial Area, New Delhi-110028. CODE OF CONDUCT FOR DIRECTORS, cured MANAGEMENT, OFFICERS AND EMPLOYEES OF MICROMAX INFORMATICS LTD. MICROMAX INFORMATICS LIMITED is committed to reading its business concern in accordance with the applicable laws, rules and regulations and with highest standards of business ethics. This inscribe is intended to provide guidance and help in recognizing and dealing with estimable issues, provide mechanisms to report wrong get hold of, and to help foster a culture of honesty and accountability. Each Director, aged(a) manager, officer and employee is expected to conform to with the letter and spirit of this code. The Directors, elder worry, officers and employees of the fraternity must not only stick with with applicable laws, rules and regulations simply should also promote honest and ethical conduct of the business.They must abide by the policies and procedures that govern the conduct of the orders business. Their responsibilities include helping to create and maintain a culture of high ethical standards and commitment to accordance, and to maintain a work environment that encourages the s set outholders to raise concerns to the attention of the management. A present, overall, contents of this order ar in practice, being already followed by the Directors and the of age(p) watchfulness, however, in compliance with the new article 49 of the listing agreement, the Code as set out below, is to take effect from the date, when approved by the maturate in its meeting1. APPLICABILITYThe Code is applicable to all the members of the scorecard of Directors, elder Management, Officers and employees of the gild. higher-ranking Management shall include all executives holding the positions of Director (Non-Board Member/s), Sr. Manager, Managers, Asst. Managers and all head of the departments excluding Board of Directors. Such personnel shall herein later be treated as members of its core ma nagement team.2. DILIGENCEThe Directors, senior management, officers and employees atomic number 18 to exercise due perseverance in attending to their respective duties and obligations in the best stakes of the lodge.3. CONFLICTS OF INTERESTThe Directors, senior management, officers and employees should be scrupulousin avoiding conflicts of interest with the companionship. In case there is probably to be a conflict of interest, he/she should make full disclosure of all facts and circumstances so to the Board of directors or any Committee / officer nominated for this purpose by the Board and a prior written approval should be obtained. A conflict situation can arisea. When an employee, officer, senior manager or Director takes follow through or has interests that may make it difficult to perform his or her work objectively and effectively, b. The receipt of im halal personal benefits by a member of his or her family as a result of ones position in the phoner, c. Any outside business practise that detracts an individuals ability to devote appropriate time and attention to his or her responsibilities with the Company, d. The receipt of non-nominal gifts or excessive entertainment from any person/company with which the Company has current or prospective business dealings, e. Any significant ownership interest in any supplier, customer, development partner or rivalry of the Company, f. Any consulting or employment kin with any supplier, customer, business associate or competitor of the Company.4. transp arenceThe Directors and the ranking(prenominal) Management are to get wind that their action/s in the conduct of business are transparent, except where the confidentiality of the business requires otherwise. Such transparency shall be brought through appropriate policies, procedures, and maintaining supporting and proper records.5. pleasure ground DEALINGEach director, member of core management team, officer, and employee should deal fairly with cust omers, suppliers, competitors, and employees of group companies. They should not take unfair advantage of anyone through manipulation, concealment, abuse of confidential, proprietary or trade secret breeding, misrepresentation of significant facts, or any other unfair dealing-practices.6. HONEST AND ETHICAL CONDUCTThe Directors, senior management, officers and employees shall act in accordance with the highest standards of personal and professional integrity, honesty and ethical conduct not only on Companys premises andoffsite but also at company sponsored business, social events as well as any places. They shall act and conduct free from fraud and deception. Their conduct shall conform to the best-accepted professional standards of conduct.7. CORPORATE OPPORTUNITIESDirectors, senior management, officers and employees owe a art to the Company to advance its legitimate interests when the prospect to do so arises. Directors, senior management, officers, and employees are expressly prohibited from a. Taking for themselves personally, opportunities that are discovered through the use of Companys property, education, or position, b. Competing directly with the business of the Company or with any business that the Company is considering. Using Companys property, information, or position for personal gain. If the Company has finally decided not to pursue an opportunity that relates to the Companys business activity, he/she may pursue such activity only after disclosing the homogeneous to the Board of directors or the nominated person/ commission.8. BUSINESS INTEGRITYThe Directors and the Senior Management are to ensure that the Company carries out its business as per accepted practices of business integrity, ethical standards, fair reanimate and conduct, honestly, legitimately and as a fair competitor.9. WORK PLACEThe Directors and the Senior Management are to ensure that there is gender friendly work place, equal opportunities are given to men and women, and there exists steady-going employment practices. 10. QUALITY OF PRODUCTS/SERVICESThe Directors and the Senior Management are to endeavor that the products / services of the Company meet the accepted standards of quality including that of ISO 9001 and any other standard/s, and also the specifications of the legal authorities/laws so that customer satisfaction is ensured. Moreover costs are kept reasonable.11. PROTECTION AND PROPER USE OF familyS ASSETSThe Directors and the Senior Management are to ensure to protect Companys assets and property and the same should be used only for legitimate businesspurposes.12. CONFIDENTIALITYThe Directors, Senior Management, Officers and Employees shall maintain the confidentiality of confidential information of the Company or that of any customer, supplier or business associate of the Company to which Company has a duty to maintain confidentiality, except when disclosure is authorized or legally mandated. The Confidential information includes all non-public information (including private, proprietary, and other) that might be of use to competitors or harmful to the Company or its associates. The use of confidential information for his/her own advantage or profit is also prohibited.13. COMPLIANCE WITH LAWS, RULES, AND REGULATIONSThe Directors, senior management, officers and employees shall comply with all applicable laws, rules, and regulations. Transactions, directly or indirectly, involving securities of the Company should not be chthonictaken without pre-clearance from the Companys compliance officer/Company Secretary. Any Director, member of core management team, officer or employee who is unfamiliar or uncertain about the legal rules involving Company business conducted by him/her should consult the legal department of the Company before taking any action that may jeopardize the Company or that individual.14. RELATIONSHIP WITH CUSTOMERS AND SUPPLIERSThe Directors and the Senior Management are to endeavor that their dea lings with the customers are given due importance, value is created and relationship of effrontery is built. In dealing with suppliers it should be the endeavor that supplies are based on need, quality, service, price, and appropriate terms and conditions.15. SHAREHOLDERSThe Directors and the Senior Management are to ensure that the rights of shareholders are met as per law and good corporate practices, and all efforts are made to provide best services to them.16. COMMUNITY ACTIVITIESThe Directors and the Senior Management are to endeavor that the Company be a trusted corporate citizen and, as an integral part of the Society, fulfills its responsibilities and duties to the societies and communities in which itoperates.17. CODE OF ethics FOR CHIEF FINANCE OFFICERHonesty, integrity and sound judgment of the senior financial officers is fundamental for the winner and reputation of Action Construction Equipment Limited. The professional and ethical conduct of the senior financial offi cers is essential to the proper functioning of the Company. The senior finance officers as well as Directors of the Company shall be bound by the following code of ethics 1. Act with honesty and integrity, including the ethical handling of actual or plain conflicts of interest between personal, financial and professional relationships, 2. Make full, fair, accurate, timely, and understandable disclosure in reports and documents that the Company files with, or submits or makes periodically, to the shareholders, government authorities, and to the public, 3. Comply with governmental laws, rules, notifications and regulations applicable to the Companys business,4. Disclose to the Board or any delegation/officer designated by the Board for this purpose, any material transaction or relationship that reasonably could be expected to give rise to any violations of the code including actual or likely conflicts with the interests of the company, 5. Promote prompt reporting of violations of th e Code of Ethics to the Board of Directors or any person/committee designated for this purpose, as may be necessary, 6. Respect the confidentiality of information acquired in the course of employment unless legally make to disclose and ensure that no such confidential information is used for personal advantage/benefit, 7. take note the skills necessary and relevant to the Companys needs, 8. Act in good faith, responsibility, with due care, competence and diligence without misrepresenting material facts,9. Refrain from any inappropriate or undue influence of any kind in all dealings with independent auditors, and avoid any actual or apparent conflicts with analysts, 10. Achieve accountable use of and control over all assets and resources employed or entrusted to them, 11. Promote ethical and honest manner within the Company and its associates, Chief Finance Officer should adhere to both the code of business conduct and the code of ethics of the Company. Violation of the code of e thics will lead to appropriate disciplinary action including dismissal from the services of the Company anydeviation/waiver from this code can only be affected on the sole and absolute discretionary authority of the Board or any person/committee designated by the Board for this purpose.18. INTERPRETATION OF CODEAny question or interpretation under this Code of Ethics and Business Conduct will be handled by the Board or any person /committee authorized by the Board of the Company. The Board of Directors or any designated person/committee has the authority to waive compliance with this Code of business conduct for any Director, member of core management team, officer or employee of the Company. The person-seeking waiver of this Code shall make full disclosure of the particular circumstances to the Board or the designated person/ committee19. COMPLIANCE WITH THE CODE OF CONDUCTCompliance with this Code of Conduct is an obligation. The Directors and the Senior Management are to ensure t hat this Code is communicated to, and understood and observed by all employees. The Directors and the Senior Management shall affirm compliance with the Code, on an annual basis. The Board expects employees to bring to their attention, or to that of Senior Management, any respite or suspected breach of this Code. Compliance with this Code is subject to the review by the Board and complemented by the Audit Committee of the Board. Any modification/s, amendment/s, or review of this Code shall be done by the Board.