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RAMAIAH CAPITAL PRIVATE LIMITED (A Non Banking Finance Company) Regd Off: No 4/A, Reshma,80 Ft Road, RMV II Stage, Ashwathnagar, Bangalore 560094 Tel: 91 80 23519708/09 www.ramaiahcapital.com E mail:
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Read and understand the fair practices code guidelines.
02
Identify areas in your organization where fair practices code should be implemented.
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Involve all relevant stakeholders in the development of the fair practices code.
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Clearly document all fair practices code policies and procedures.
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Make necessary adjustments and updates to the fair practices code as needed.
Who needs fair practices code and?
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Businesses of all sizes that want to ensure ethical and fair practices within their organization.
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Organizations that want to build trust with their customers, employees, and other stakeholders.
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Companies that want to comply with legal requirements and regulations related to fair practices.
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What is fair practices code?
The Fair Practices Code is a set of guidelines that organizations must follow to ensure transparency, fairness, and ethical conduct in their operations and dealings with customers.
Who is required to file fair practices code?
Organizations that provide financial services, such as banks and non-banking financial companies (NBFCs), are required to file the Fair Practices Code.
How to fill out fair practices code?
To fill out the Fair Practices Code, organizations must ensure that their policies align with the guidelines set forth, document their procedures, and submit the necessary information to the appropriate regulatory body.
What is the purpose of fair practices code?
The purpose of the Fair Practices Code is to promote ethical behavior, protect consumer rights, and enhance trust in financial services by ensuring that organizations adhere to certain standards.
What information must be reported on fair practices code?
Organizations must report their adherence to fair lending practices, disclosure of information to customers, complaints handling procedures, and mechanisms for addressing grievances.
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