CODE OF CONDUCT
FOR BOARD MEMBERS AND SENIOR MANAGEMENT
This Code of Conduct (herein after referred to as “the Code” has
been framed and adopted by Alcobex Metals Limited (herein after
referred to as “the Company”) in with the provisions of Clause
49 of the Listing Agreements entered into by the Company with
the Stock Exchange.
The Code applies to the Members of Board of Directors (herein
after referred to as “Board Members and Members of the Senior
Management Team of the company one level below the Board Members
, viz. Manager & CEO, CFO and all Unit Heads, Presidents, Joint
Presidents and all other executives having similar or equivalent
rank in Company and the Company Secretary of the Company.
The company Secretary shall be the Compliance Officer for the
purpose of this Code.
The Code Shall come into force with effect from 1st Day of
January, 2006 and future amendments/ modifications shall take
effect from the date stated therein.
The Code shall be posted on the Website of the Company.
CODE OF CONDUCT:
The Board Members and Senior Managers shall observe the highest
standards of ethical conduct and integrity and shall work to the
best of their ability and judgement.
The Board Members and Senior Managers of the Company,
Shall maintain and help the
Company in maintaining highest degree of Corporate Governance
Shall act in utmost good faith
and exercise due care, diligence and integrity in performing
their office duties.
Shall ensure that they use the
Company’s assets, properties, information and intellectual
rights for official purpose only or as per the terms of their
Shall not seek, accept or
receive, directly or indirectly, any gift, payments or favour
in what so ever form from Company’s business associates, which
can be perceived as being given to gain favour or dealing with
the company and shall ensure that the Company’s interests are
Shall maintain confidentiality of
information entrusted by the Company or acquired during
performance of their duties and shall ensure that the
Company’s interest are never compromised.
Shall not commit any offences
involving moral turpitude or any act contrary to law or
opposed to the public policy.
Shall not communicate with any
member of the press or publicity media or any other outside
agency on matters concerning the company, except through the
designated spokespersons or authorized otherwise.
Shall not, without the prior
approval of the Board or Senior Management, as the case may be
accept employment or a position of responsibility with any
other organization for remuneration or otherwise that are
prejudicial to the interests of the Company.
Shall in conformity with
applicable legal provisions disclose personal and/or financial
interest in any business dealings concerning the Company and
shall declare information about their relatives (spouse,
dependent children and dependent parents) including
transactions, if any, entered into with them.
Shall ensure compliance of the
prescribed safety & environment related norms and other
applicable codes, laws, rules, regulations and statutes, which
if not complied with may otherwise, disqualify him/her from
his/her association with the Company.
Shall ensure compliance with SEBI
(Prohibition of Insider Trading) Regulations, 1992 as also
other regulations as may become applicable to them from time
Any breach of the aforesaid Code brought to the notice of the
Compliance Officer or any Member of the Board or Senior
Management shall be reported to the Board of Directors of the
Company for necessary Action.