Code of Conduct
CODE OF CONDUCT FOR DIRECTORS AND MANAGEENT OF SHREE TULSI ONLINE.COM LTD.
(IN TERMS OF CLAUSE 49 OF THE LISTING AGREEMENT)
Each Director and employee is a Trustee of the stakeholders in the Company and to act in terms of the concept of Trusts as well as in terms of laws of Trusts, which encompasses fiduciary relationship.
As "Officer of the Company" in terms of Sec. 2(30) of the Act, Directors can be treated as an "Officer in default". Hence, all actions to be in conformity with the rules and regulations.
Directors act collectively through the Board, but each Director to discharge duty with responsibility.
Directors owe a duty of care to the Company i.e. not to act negligently. The standard being "a reasonable man looking after his affairs".
Each Director to ensure that:-
Directors and employees to avoid conflict of interest and exercise powers for the benefit of the Company.
That no secret profits are made to the detriment of the Company for e.g. that adequate disclosures in terms of the Insider Trading norms in dealing with the Company shares will be made.
To comply with the terms and conditions of the employment and Company rules and regulations from time to time.
The other basic code of conducts to be followed are:-