SKP SECURITIES LIMITED
CODE OF CONDUCT FOR DIRECTORS
AND SENIOR MANAGEMENT
1.
INTRODUCTION
This
Code of Conduct has been framed
and adopted by SKP Securities
Ltd (hereinafter referred to as
‘SKP’) in compliance
with the provisions of clause
49 of the listing agreement entered
into by SKP with the Stock Exchanges
where securities of SKP are listed.
The
principal duty of the Board, along
with the Senior Management, is
to ensure that SKP is well managed
and recognize that their primary
responsibility is to the shareholders
of SKP.
2.
SCOPE
This
Code is applicable to the Board
of Directors (hereinafter referred
to as ‘Board Members’)
and the Senior Management Personnel
(hereinafter referred to as ‘Officers’)
of SKP. Officers shall mean personnel
of SKP who are members of its
core management team excluding
the Board of Directors and would
comprise of all members of management
one level below the Executive
Directors, including head of departments
directly reporting to Executive
Directors.
3.
CODE OF CONDUCT
The
board members and officers shall
observe the highest standards
of ethical conduct and integrity
and shall work to the best of
their ability and judgment.
The
Board Members and Officers of
SKP:
1.
Shall ensure that they use SKP’s
assets, properties, information
intellectual rights for official
purpose only or as per the terms
of their appointment.
2.
Shall not seek, accept or receive,
directly or indirectly, any gift,
payments or favor in whatsoever
form from SKP’s business
associates, which can be perceived
as being given to gain favor or
dealing with SKP and shall ensure
that SKP’s interest is never
compromised.
3.
Shall maintain confidentiality
of information entrusted by SKP
or acquired during performance
of their duties and shall not
use it for personal gain or advantage.
4.
Shall not commit any offences
involving moral turpitude or any
act contrary to law or opposed
to the public policy.
5.
Shall not communicate with any
member of press or publicity media
or any other outside agency on
matters concerning SKP, except
through the designated spokespersons
or authorized otherwise.
6.
Shall in conformity with applicable
legal provisions disclose personal
and / or financial interest in
any business dealings concerning
SKP and shall declare information
about their relatives.
7.
Shall act in accordance with the
highest standard of personal and
professional integrity, honesty
and ethical conduct in the discharge
of duties in SKP.
8.
Shall observe and guide SKP in
maintaining highest degree of
Corporate Governance.
9.
Shall exercise independent judgment
on issues of strategy, performance,
policy matters, etc.
10.
Shall observe the ‘Code
of Conduct for dealing in Equity
Shares and other securities of
SKP’ framed under the SEBI
(Prohibition of Insider Trading)
Regulation, 1992.
11.
Shall not hold any office or place
of profit in SKP by himself/herself
or by his/her relatives without
full disclosure of information
in connection therewith.
12.
Shall not divert to his/her advantage
any business opportunity that
SKP is in pursuit.
13.
Shall not compete whether directly
or indirectly with SKP.
1.
The Company Secretary shall be
the compliance officer for the
purpose of this Code.
2.
Board Members and Officers both
present and future shall acknowledge
receipt of the code or any modification(s)
thereto and shall affirm compliance
of the same.
3.
Any breach of the aforesaid Code
brought to the notice of the Compliance
Officer or any Board Member(s)
/ Officer(s) shall be reported
to the Board of Directors of SKP
for necessary action.
4.
Board members and Officers shall
affirm compliance with the code
on an annual basis as per Annexure
I. The Annual Report of SKP shall
contain a declaration to this
effect signed by the Managing
Director.
Annexure
I
The Company Secretary, Date:
SKP Securities Limited
Chatterjee International Centre
33A, J L Nehru Road
Kolkata 700 071
Dear Sir,
Sub
: Confirmation of Compliance to
the Code of Conduct of the SKP
I,
___________________________, ______________
(designation) hereby confirm that
I have read and understood the
provisions of the Code of Conduct
of SKP, and confirm that for the
financial year April 20__ to March
20__, I have complied with the
same.
____________________ (Name)
____________________ (Signature)
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