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CORPORATE GOVERNANCE POLICY

1. PREAMBLE

Sound governance practices and responsible corporate behavior contribute to superior long-term performance of companies. A best practice on governance issues is an evolutionary and continuing process. Corporate governance practice embodies the dual goals of protecting the interests of all stakeholders while respecting the duty of the board of directors and senior management of the company to oversee the affairs of a company, ensure accountability, inculcate integrity and promote long-term growth and profitability.

The Reserve Bank of India (“RBI”) has issued the Master Circular for Corporate Governance. Credit Gate Private Limited (the “Company”) is registered with the RBI as a non-deposit accepting Non-Banking Financial Company (“NBFC”). The Company is not systemically important NBFC. The Company has framed internal guidelines on corporate governance with the approval of the board of directors of the Company and accordingly the Company has put in place this policy on Corporate Governance (“Corporate Governance Policy”).

The Company has framed this Corporate Governance Policy with the intent of following corporate governance in spirit as also the letter of law. The objective of this Corporate Governance Policy is to ensure compliance with legal requirements and set standards for corporate governance in relation to the Company so that concerned employees and executives of the Company act in accordance with the highest standards of corporate governance while working for and on behalf of the Company and further so that the affairs of the Company can be conducted with integrity, fairness, accountability and transparency. All the concerned employees and executives of the Company are expected to read and understand this Corporate Governance Policy in order to uphold the standards and to comply with all applicable policies and procedures stipulated herein in day to day operations and activities of the Company.

2. FIT AND PROPER CRITERIA FOR APPOINTMENT OF DIRECTORS
The Company shall ensure, at the time of appointment of any director on the board of directors of the Company (and thereafter on a continuous basis), that the person satisfies the ‘fit and proper’ criteria and that he is suitable for the post.

The Company will obtain annually (as on 31st March) a simple declaration from each director that the information already provided by the director has not undergone change and where there is any change, the Company shall require such director to furnish the requisite details forthwith.

3. DISCLOSURE AND TRANSPARENCY
The Company shall review Review of risk management system and risk management policy and strategy of the Company, from time to time as may be required. The Company shall also disclose in their Annual Financial Statements, all the details as prescribed by RBI and ROC.

4. REVIEW OF CORPORATE GOVERNANCE POLICY
The board of directors of the Company may review this Corporate Governance Policy from time to time as may be required. Changes, if any, shall be effective only upon approval by the board of directors of the Company.

5. COMPANY WEBSITE
The Company will publish this Corporate Governance Policy on its website for the information of various stakeholders.