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CODE
OF CONDUCT
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The company has always ensured compliance to typical
business practices in personal and corporate behaviour by its Directors
and employees. To strengthen good corporate governance practices
and in compliance with clause 49 of the Listing Agreement with the
Mumbai Stock Exchange, the Company has framed specific Code of Conduct
for the members of the Board of Directors and Senior Management
personnel of the company. "Senior Management" shall mean
personnel of the company who are in the grade of General Manager
and above, excluding Board of Directors.
Code of Conduct for the members of the Board of Directors and Senior
Management:
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1.
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To act in accordance with the highest standard of personal
and professional integrity, honesty and ethical conduct in
the discharge of duties.
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2.
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To stay abreast of the affairs of the Company and be kept
informed of the company's compliance with the relevant laws,
rules and regulations.
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3.
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To exercise independent judgement on issues of strategy,
performance and policy matters.
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4.
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To avoid and disclose actual and apparent conflicts of personal
interest with the interest of the company and to disclose
all contractual interest, whether directly or indirectly,
with the company.
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5.
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To maintain confidentiality of the Company's business.
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6.
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Not to accept any offer, payment or anything of value from
the customers, vendors, consultants, etc. that is perceived
as intended, directly or indirectly, to influence any business
decision.
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7.
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Not to divert to his own advantage, any business opportunity
that the company is in pursuit.
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8.
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Not to compete, whether directly or indirectly, with the
company.
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9.
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To observe the "Code of Conduct for dealing in equity
shares and other securities of the Company" framed under
the SEBI (Insider Trading) Regulations.
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10.
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Not to make any contribution of company funds to any political
party or committee, domestic or foreign, or to a holder of
any office of any government- National, State or Foreign,
unless it is legally permissible and is appropriately authorised.
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11.
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Not to charge personal expenses to the company.
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12.
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Not to pursue any project or activity that may harm the
nation's interest and/or has an adverse impact on the social/cultural
life of the country.
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13.
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In case of Directors:
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a.
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to inform the company immediately about the emergence
of any situation that may disqualify him/her from directorship.
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b.
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not to hold any office or place of profit in the company
by himself/herself or by his/her relatives, without
full disclosure of information in connection therewith.
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The Senior Management of the company is responsible
for the day-to-day operations of the company under the guidance
and policy framework as directed by the Board from time to time.
In view of the same, the responsibilities of the Senior Management
becomes more and therefore, they should observe the following additional
Code of Conduct as detailed below:
Additional Code of Conduct for Senior Management:
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1.
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To devote full attention to the business interest of the
company.
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2.
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To conduct oneself in a manner that will enhance the image
of his position, unit/company.
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3.
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To comply with all laws, rules and regulations and also
policies and procedures, laid down by the company.
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4.
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To avoid conducting company business with a relative or
with a business in which a relative is associated in any significant
role.
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5.
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To have a clear understanding of the aims and objectives,
and abilities and capacity and various policies of the company.
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6.
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Not to make any wilful misrepresentation, manipulation and
misinformation of the financial accounts and reports.
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7.
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Not to misuse resources of the Company for personal benefits
and ensure that others do not misuse the same in any form.
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8.
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To explicitly specify the criteria for appointing an external
resource (e.g. Supplier, Contractor, Consultant etc) and evaluate
several options objectively.
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9.
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Not to engage in any activity that interferes with the performance
or responsibilities to the company.
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10.
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Not to accept simultaneous employment/directorship with
the suppliers, customers or competitors of the company and
not to take part in any activity that enhances or supports
a competitor.
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INTERPRETATION OF CODE
Any question or interpretation under this Code will be considered
and dealt with by the Board or any Committee or any person authorised
by the Board in this behalf. The Board or any designated person/committee
so authorised, has the authority to waive compliance with this Code
of business conduct for any Director or Senior Management personnel
of the company. The person seeking the waiver of this Code shall
make full disclosure of the particular circumstances of the case
to the Board or the designated person/committee.
A waiver of this Code, as may be made by the Board and/or so authorised
person/committee, shall be promptly posted on the Website of the
company.
Each and every Director and Senior Management personnel is expected
to comply with the letter and spirit of this Code.
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© 2001 Alkyl Amines Chemicals Limited Legal Top
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