 |
National
interest |
|
Transchem
Limited, the company is committed in all
its actions to benefit the economic
development of India and other countries
in which it operates. It shall not engage
in any activity that adversely affects
such an objective. It shall not undertake
any project or activity to the detriment
of the nation's interests, or those that
will have any adverse impact on the social
and cultural life patterns of its
citizens. The company shall conduct its
business affairs in accordance with the
economic, development and foreign
policies, objectives and priorities of the
nation's government, and shall strive to
make a positive contribution to the
achievement of such goals at the
international, national and regional
level, as appropriate. |
|
Financial
reporting and records |
|
Transchem
Limited
shall prepare and maintain its accounts
fairly and accurately in accordance with
the accounting and financial reporting
standards which represent the generally
accepted guidelines, principles,
standards, laws and regulations of India. |
|
Equal-opportunities
employer |
|
Transchem
Limited shall provide equal opportunities to all its employees and
all qualified applicants for employment,
without regard to their race, caste,
religion, colour, ancestry, marital status,
sex, age, nationality and disability.
Employees of the company shall be treated
with dignity and in accordance with the
Company’s policy ofmaintaining a work environment free of sexual harassment,
whether physical, verbal or psychological.Employee policies and
practices shall be administered in a manner
that ensures that in all matters equal
opportunity is provided to those eligible
and that decisions are based on merit. |
|
Gifts
and donations |
|
Transchem
Limited and
its employees shall neither receive nor
offer or make, directly or indirectly, any
illegal payments, remuneration, gifts,
donations or comparable benefits which are
intended to or perceived to obtain business
or uncompetitive favours for the conduct of
its business. However, the company and its
employees may accept and offer nominal
gifts, which are customarily given and are
of a commemorative nature, for special
events. |
|
Health,
safety and environment |
|
Transchem
Limited shall strive to provide a safe and healthy working
environment and comply, in the conduct of
its business affairs, with all regulations
regarding the preservation of the
environment of the territory it operates in.
The company shall be committed to prevent
the wasteful use of natural resources and
minimise any hazardous impact of the
development, production, use and disposal of
any of its products and services on the
ecological environment.
|
|
Quality
of products and services |
|
Transchem
Limited is
committed to supply goods and services of
the highest quality standards, backed by
efficient after-sales service consistent
with the requirements of the customers to
ensure their total satisfaction. The quality
standards of the company's goods and
services should meet the required national
standards, and the company should endeavour
to achieve international standards. |
|
Public
representation of the company and the Group |
|
Transchem
Limited shall honour the information requirements of
the public and its stakeholders. In all its
public appearance with respect to disclosing
company’s business information to public
constituencies such as the media, the
financial community, employees and
shareholders, the company shall be
represented only by specifically authorised
directors and employees. It will be the sole
responsibility of these authorised
representatives to disclose information on
the company. |
|
Third-party
representation |
|
Parties
which have business dealings with the
company but are not employee of the Company,
such as consultants, agents, sales
representatives, distributors, contractors,
suppliers, etc. shall not be authorised to
represent Transchem Limited if their business conduct and ethics are
known to be inconsistent with this code. |
|
Ethical
conduct |
|
Every employee of Transchem Limited, including
whole-time directors and the Chairman, shall
deal on behalf of the company with
professionalism, honesty and integrity, as
well as high moral and ethical standards.
Such conduct shall be fair and transparent
and be perceived to be as such by third
parties.Every employee shall
be responsible for the implementation of and
compliance with this code in his or her
professional environment. Failure to adhere
to the code could attract the most severe
consequences, including termination of
employment. |
|
Shareholders |
|
Transchem
Limited is
committed to enhance shareholder value and
comply with all regulations and laws that
govern shareholders' rights. The board of
directors of the company shall duly and
fairly inform its shareholders about all
relevant aspects of the company's business,
and disclose such information in accordance
with the respective regulations and
agreements. |
|
Obligation
under Securities Law – Insider Trading |
|
Obligations
under the Securities & Exchange Board of
India under prohibition of insider trading
regulations apply to everyone. In the normal
course of business the employees, officers,
directors, agents, contractors and
consultants of the Company may come into
possession of significant sensitive
information. None of them would deal in the
Securities market on the basis of such
information as the misuse of sensitive
information is contrary to Company publicity
and the Securities Laws. |
|
Regulatory
compliance |
|
Every
employee of the company shall, in his or her
business conduct, comply with all applicable
laws and regulations, both in letter and in
spirit. If the ethical and professional
standards set out in the applicable laws and
regulations are below that of the code, then
the standards of the code shall prevail. |
|
Concurrent
employment |
|
An
employee of the company shall not, without
the prior approval of the Company, accept
employment or a position of responsibility
(such as a consultant or a director) with
any other company, nor provide 'freelance'
services to anyone. In the case of a
whole-time director or the managing
director, prior approval must be obtained
for providing such services from the board
of directors of the company. |
|
Conflict
of interest |
|
An employee of the company shall not
engage in any business, relationship or
activity which might detrimentally conflict
with the interest of his company. A conflict
of interest, actual or potential, may arise
where, directly or indirectly:
-
An
employee of a company engages in a
business, relationship or activity with
anyone who is party to a transaction
with his or her company;
-
An
employee is in a position to derive a
personal benefit or a benefit to any of
his or her relatives by making or
influencing decisions relating to any
transaction;
-
An
independent judgement of the company's
best interest cannot be exercised
Notwithstanding that
such or other instances of conflict of
interest exist due to any historical
reasons, adequate and full disclosure by the
interested employees should be made to the
company's management. It is also incumbent
upon every employee to make a full
disclosure of any interest which the
employee or the employee's immediate family,
which would include parents, spouse and
children, may have in a company or firm
which is a supplier, customer, distributor
of or has other business dealings with his
or her company. |
|
Securities
transactions and confidential information |
|
An employee of a company and his or her
immediate family shall not derive any
benefit or assist others to derive any
benefit from access to and possession of
information about the company, which is not
in the public domain and thus constitutes
insider information.
An
employee of a company shall not use or
proliferate information which is not
available to the investing public and which
therefore constitutes insider information
for making or giving advice on investment
decisions on the securities of the company
on which such insider information has been
obtained
|
|
Protecting
company assets |
|
The
assets of the company shall not be misused
but shall be employed for the purpose of
conducting the business for which they are
duly authorised. These include tangible
assets such as equipment and machinery,
systems, facilities, materials and resources
as well as intangible assets such as
proprietary information, relationships with
customers and suppliers, etc |
|
Citizenship |
|
An employee of the company shall in his
or her private life be free to pursue an
active role in civic or political affairs as
long as it does not adversely affect the
business or interests of the company.
|
|
Integrity
of data furnished |
|
Every
employee of a company shall ensure, at all
times, the integrity of data or information
furnished by him or her to the company |
|
Reporting concerns |
|
Every
employee of the company shall promptly
report to the management any actual or
possible violation of this code, or an event
he or she becomes aware of that could affect
the business or reputation of the company |
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