INTRODUCTION
DEFINITIONS
In this code, unless repugnant to the meaning or context thereof, the following expressions, wherever used in this Code, shall have the meaning assigned to them.
"Company" | 'Company' means M.R. Organisation Limited. |
"Board Members" | 'Board Members' means Board of directors of the Company. |
“Senior Management” |
'Senior Management' shall mean personnel of the company who are members of its core management team excluding Board of directors. Normally, this would comprise all members of management one level below the executive directors, including all functional heads. |
"Relative" | 'Relative' shall have the same meaning assigned to them in Section 2(77) of the Companies Act, 2013. |
"Price Sensitive Information" | 'Price Sensitive Information' shall have the same meaning as assigned to them in SEBI (Prohibition of Insider Trading) Regulations, 1992. |
"Officers" | 'Officers' shall collectively refer to the board members and the senior management personnel. |
“Compliance Officer” | 'Compliance Officer' means the officer appointed by the Board of directors under the Listing Agreement |
CODE OF CONDUCT
Every Officer shall act within the authority conferred upon him by the Company and under applicable law, keeping the best interests of the Company and adhere to the following:
CODE OF CONDUCT FOR INDEPENDENT DIRECTORS.
DUTIES : The independent directors shall —
Declaration of Independent U/S 149(7) of the Companies Act, 2013:
As provided in the provisions of Section 149(7) of the Companies Act, 2013, every independent director shall at the first meeting of the Board in which he participate as director and thereafter at the first meeting of the Board in every financial year or whenever there is any change in the circumstances which may affect his status as an independent director,give a declaration that he meets the criteria of independence as provided in sub-section (6).
AMENDMENT TO THE CODE
The provisions of this Code can be amended and modified by the Board of directors of the Company from time to time and all such amendments and modifications shall take effect from the date stated therein.
NO RIGHTS CREATED
This Code of Conduct is a statement of certain fundamental principles, policies and procedures that govern the Directors/ Officers of the Company in the conduct of the Company's business It is not intended to and does not create any rights in any employee, customer, client, supplier, competitor, shareholder or any other person or entity