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Business Code of Conduct:


  1. This Code of Conduct shall be called Business Code of Conduct of FNCCI, 2061 and shall be referred to hereinafter as Code of Conduct.
  2. This Code of Conduct shall come into force immediately.

  3. Members of all associations and organizations affiliated to the FNCCI shall make special efforts in abiding by the terms enunciated in the Business Code of Conduct as follows.

  4. All members shall hereby undertake to:
  1. Refrain from engaging in business activities that goes against the interest of the State.

  2. Pay special attention to the protection and promotion of public welfare in the conduct of their business. Desist from activities that jeopardize fair conduct and public norms and values.

  3. Abstain from activities considered detrimental to the general health of the people.

  4. Maintain smooth supply of quality goods and services in the market at fair prices. The merchandise shall be of specified weights and standards. There shall be no adulteration.

  5. Refrain from activities likely to cause artificial shortages of goods in the market. In the event of any shortages, shall not conduct business at unfair prices.

  6. Abstain from the usage of merchandise or standards prohibited by law.

  7. Maintaining faith in fair business competition, provide maximum benefit to the consumers.

  8. Oppose monopolistic business practices and controlled supply systems (e.g. syndicates and cartels) and not be involved in any such groups or systems.

  9. Settle business disputes through mutual consultations in an amicable and lawful manner.

  10. Give precedence to business transparency.

  11. Make fair and proper utilization of credit and loans.

  12. Show special sensitivity towards environmental protection.

  13. Abide by prevalent statutes, laws and process.

  14. Submit documents, papers, statements of accounts as well as pay taxes, tariffs and levies as required by law in time.

  15. Abstain from dealing in any goods categorized as forbidden or banned by law.

  16. Refrain from providing donations or financial assistance to political parties or their leaders with considerations of bearing in business deals or for personal benefits.

  17. Fix a ceiling of the value of any gift or present to anyone as not to exceed Rs.5,000.

  18. Observe the Business Code of Conduct endorsed by the FNCCI by self as well as encourage others also to do likewise.

 

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