TMI BlogCode of Conduct for Stock Exchanges and Clearing CorporationsX X X X Extracts X X X X X X X X Extracts X X X X ..... ntation of risk management framework and good governance practices. (d) take appropriate measures towards investor protection and education of investors. (e) treat all its applicants or members in a fair and transparent manner. (f) promptly inform the Board of violations of the provisions of the Act, Securities and Exchange Board of India Act, 1992, rules, regulations, circulars, guidelines or any other directions by any of its members or issuer. (g) take a proactive and responsible attitude towards safeguarding the interests of investors, integrity of stock exchange s or clearing corporation s systems and the securities market. (h) endeavor for introduction of best business practices amongst itself and its members. (i) ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecognised clearing corporation shall- (a) not participate in discussions on any subject matter in which any conflict of interest exists or arises, whether pecuniary or otherwise, and in such cases the same shall be disclosed and recorded in the minutes of the meeting; (b) not encourage the circulation of agenda papers during the meeting, unless circumstances so require; (c) offer their comments on the draft minutes and ensure that the same are incorporated in the final minutes; (d) insist on the minutes of the previous meeting being placed for approval in subsequent meeting; (e) endeavour to have the date of next meeting fixed at each governing board meeting in consultation with other members of the governing board; (f) en ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t the governing board level; (b) give benefit of their experience and expertise to the recognised stock exchange or recognised clearing corporation and provide assistance in strategic planning and execution of decisions. 4. Regulatory compliances. Every director of the recognised stock exchange and recognised clearing corporation shall- (a) ensure that the recognised stock exchange or recognised clearing corporation abides by all the applicable provisions of the Securities and Exchange Board of India Act, 1992, Securities Contracts (Regulation) Act, 1956, the Depositories Act, 1996, rules and regulations framed thereunder and the circulars, directions issued by the Board from time to time; (b) ensure compliance at all level ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ortitude in discharge of their duties in order to inspire public confidence and shall not engage in acts discreditable to their responsibilities; (f) perform their duties in an independent and objective manner and avoid activities that may impair, or may appear to impair, their independence or objectivity or official duties; (g) perform their duties with a positive attitude and constructively support open communication, creativity, dedication, and compassion; (h) not engage in any act involving moral turpitude, dishonesty, fraud, deceit, or misrepresentation or any other act prejudicial to the administration of the recognised stock exchange or recognised clearing corporation. - - statute, statutory provisions legisla ..... X X X X Extracts X X X X X X X X Extracts X X X X
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