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CODE OF INTERNAL PROCEDURE & CONDUCT AND CODE OF CORPORATE DISCLOSURE PRACTICES AS ENVISAGED UNDER THE SEMI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 AS AMENDED BY THE NOTIFICATION DATED
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Determine the purpose: Begin by clearly identifying the purpose or objective of the internal procedure code. This will help guide the development process and ensure that the code aligns with the desired outcome.
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Who needs the code of internal procedure:

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Employees: Employees within an organization who are responsible for implementing or executing the internal procedure will need the code. It provides them with a clear set of instructions to follow, ensuring consistency and efficiency in their actions.
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Auditors and compliance officers: Auditors and compliance officers may require the code of internal procedure to assess the organization's adherence to regulatory or industry standards. It helps them determine if the internal procedures are being followed correctly.
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The code of internal procedure is a document that outlines the processes and guidelines for how a company operates internally.
Companies are required to file a code of internal procedure with the appropriate regulatory bodies.
The code of internal procedure can be filled out by detailing the company's organizational structure, operational procedures, and compliance measures.
The purpose of the code of internal procedure is to ensure transparency, accountability, and adherence to regulations within the organization.
The code of internal procedure must include details on the company's governance structure, internal controls, risk management processes, and compliance measures.
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