CODE OF CONDUCT FOR BOARD OF DIRECTORS:
Ethics and integrity of action are core values at Ankur Marketing Limited. This document defines the code of business conduct of the directors of Ankur Marketing Limited and embodies their commitment to pursue the highest standards of ethical conduct. This Code is intended to describe areas of ethical risk, provide guidance to directors and help foster a culture of honesty and accountability.
Our Values: This Code lays down a set of expectations and desired behaviour for Company's Directors. The Code seeks to ensure that the business of the Company is conducted with the highest standards of ethical and organizational values.
Applicability of this Code: The Code applies to the Board of Directors of the Company ("the Board"). Every Director shall, in his business conduct, comply with all applicable laws and regulations, in letter and in spirit. The Board of Directors is responsible for setting the standards of conduct contained in the Code and for updating these standards as appropriate to reflect legal and regulatory developments. The Board has adopted this Code as a testimony of its commitment to adhere to the standards of honesty, integrity and avoidance of conflict of Interest.
Code of Conduct:
Honesty and Integrity the Directors shall, at all times, in the conduct of the business of the Company, exhibit absolute honesty, integrity, commitment and independence of thought and judgement. The Directors shall act in good faith and in best interests of the Company so as to promote the interests of the Company.
Conflict of Interest:
Directors should avoid any conflicts between their own personal or business interests and the interests of Ankur Marketing Limited. A conflict of interest can arise when a director takes actions or has interests that may make it difficult to perform his or her work for Ankur Marketing Limited objectively and effectively, or when a director, or a member of his or her immediate family receives improper personal benefits as a result of his or her position as a director of Company. Even the appearance of a conflict of interest should be avoided. If a director becomes aware of an actual or potential conflict of interest with Company, he or she should promptly inform the Chair of the Ethics.
It is the duty of director to disclose followings:
- A Director should disclose to the Board every year, in writing, in the format prescribed under section 184 of the companies Act, 2013, about any outside business-interests that he/ she or his/her family members i.e. only immediate family spouse/children, have if these interests create or even appear to create a conflict of interest.
- A Director shall intimate the Board, in writing, before he/she or his/her family member involves in a new business that is likely to create conflict of interest.
- Prior approval of the Board to be obtained by a director, before he/she accepts a position as a Director, Officer, employee, consultant or promoter any other Organization, engaged in the same business/competition as that of the Company.
Outside Activities:
Except with the authorisation of the Code of Conduct Committee, Board Officials may not engage in any outside activity, including self-employment or employment with, or the rendering of services to, any outside entity. Such authorisation will normally be given for outside activities so long as they are not incompatible with the full and proper performance of the Board Official's official duties and do not give rise to a Conflict of Interest.
Confidentiality:
Directors must maintain the confidentiality of information not generally known to the public and entrusted to them as directors, except when disclosure is appropriate in light of the context or is legally required. Directors must not take for themselves or their companies business opportunities that they learn about as a director of Ankur Marketing Limited and must not compete with Ankur Marketing Limited for business.
Gifts, Hospitality and Honours
Each Director shall never accept cash payments, gifts, gratuities, honours, awards, privileges or other personal rewards from, nor offer the foregoing to, any third party, including but not limited to potential or actual customers and suppliers or municipal representatives, or any other person or entity outside of Ankur Marketing Limited that may be, or may appear in any way to be, connected with the Director's responsibilities to company.
Reporting Non- Compliance: Any reported non-compliance will be taken up by the Board.
Waiver: Any waiver of this Code may be made only by the Board of Directors and must be promptly disclosed to company's stockholders.
No code or policy can anticipate every situation that may arise, or replace thoughtful and ethical behavior. Directors are encouraged to bring questions about particular circumstances that may implicate one or more of the provisions of this Code to the attention of the Chair of the Ethics. All information required to be reported or disclosed by this Code is based on the best knowledge of the director.
