Our company has been collecting information from the Directors with respect to
their interest in other companies, firms etc. once in a year.
In order to obviate conflict of interest in the lending
operations of our Company, it is decided not to grant any
loan, advance or non - fund based facility or any other
financial accommodation / facility to:
- its directors or their relatives.
- to any firm in which any of its Directors is interested as Partner, Manager, Employee or Guarantor.
- any individual in respect of whom any of its Directors is a Guarantor.
- any company of which, or the subsidiary or the holding company of which, any of the Directors of the NBFC is a Director, Managing Agent, Manager, Employee, or
Guarantor or any firm in which the holds substantial interest.
- any entity, whether incorporated or not which uses as a part of its name or in connection with its business, the name of the NBFC or any such word as would
show its association with the NBFC.
In addition to the above, the Company has framed the following guidelines for due compliance:
All Directors and Senior Management team
comprising of members of Management one level below the
Directors, including all functional heads should adhere to
the standards contained in this Code and should con sult the
Code for guidance when acting on behalf of the Company. The
Code of Conduct for Directors & Senior Management includes
but is not limited to the following:
To act in accordance with the highest standard of
personal and professional integrity, honesty and ethical
conduct in the discharge of duties and promote
professionalism in the Company.
To exercise independent judgment on issues of strategy, performance, policy matters, etc.
To avoid and disclose actual and apparent conflicts of personal interest with interest of the Company
and to disclose all contractual interest, whether directly or indirectly, with the Company.
To inform the Company immediately about emergence of any situation that may disqualify him / her from Directorship.
To maintain confidentiality of the Company’s business.
Not to accept any offer, payment or anything of value from customers, vendors, consultants,
etc. that is perceived as intended, directly or indirectly, to influence any business decision.
Not to hold any office or place of profit in the Company by himself or by his / her
relatives without full disclosure of information in connection therewith.
Not to divert to his / her own advantage any business opportunity that the Company is in pursuit
To use reasonable care & skill in the discharge of duties and responsibilities and exercise
of powers for the benefit & prosperity of the Company.