The Board of Directors and Senior Officers of BFSPL commits to the highest standards of ethics, integrity, and professionalism in conducting the company's business. This Code of Conduct outlines the principles and guidelines that Directors and Senior Officials are expected to follow in their dealings with stakeholders, employees, customers, and the broader community.
Directors must adhere to all applicable laws,
regulations, and internal policies. Every Director of “BFSPL” to comply with the
provisions of Section 166 of the Companies Act, 2013. The Independent directors shall also
perform such duties as is prescribed under Schedule IV to the Companies Act, 2013. The Executive
Directors of the Company shall endeavour to comply with the provisions of Sections 166 and 203
and other applicable provisions of the Companies Act, 2013 and Rules made there under. Directors should remain informed about relevant
changes in legislation and regulatory requirements affecting the NBFC. All the Directors of “BFSPL”
Must act with integrity and honesty in all
dealings. Should avoid situations where their personal
interests, conflict or appear to conflict with the interests of the “BFSPL”. Directors must maintain the confidentiality
of all non-public information received in the course of their duties. Confidential information should not be used
for personal gain or to the detriment of the “BFSPL”
Directors are accountable to the
shareholders and must ensure that the company's resources are used effectively and
efficiently. Directors must act in the best interests of
the “BFSPL” and its stakeholders.
Directors should promote transparency in all
operations and decision-making processes. Directors must ensure accurate and timely
disclosure of material information to stakeholders as per regulatory requirements. Directors should deal fairly with customers,
suppliers, competitors and employees. Directors should promote fair competition
and avoid any type of unethical practices.
Directors should consider the social,
environmental, and economic impact of their decisions.
Directors are encouraged to support
initiatives that contribute to the welfare of the community and environment. Directors shall attend and actively
participate in Board and committee meetings of” BFSPL”
Directors must come prepared having reviewed
all materials in advance. Directors shall disclose any potential
conflicts of interest and abstain from voting or decision-making in such matters.
Directors must not engage in any business or
activity that may conflict with the interests of the company. Directors must not engage in insider trading
and should comply with all applicable insider trading laws.
Directors should not disclose any material
non-public information to others. Directors shall not accept or offer any
gifts, hospitality or other benefits that could influence or appear to influence their
decision-making.
Directors must avoid any actions that could
create the appearance of impropriety. Directors shall report any violations of this Code to the appropriate authority within the company “BFSPL” the company BFSPL will ensure that there is no retaliation against any Director who reports a violation in good faith.
This Code of Conduct will be reviewed
periodically and amended as necessary to ensure its relevance and effectiveness.
Directors will be informed of any changes
and are expected to comply with the updated Code. Directors must acknowledge and confirm their understanding and acceptance of this Code of Conduct upon joining the Board and whenever the Code is amended.
Acknowledgment Form
I, _________________________, have received and read the Code of Conduct for the Board of Directors of Bharuwa Financial Services Private Limited. I understand and agree to comply with the principles and guidelines outlined in this Code.
Signature: _________________________
Date: _________________________