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of <h1>Directors' Code of Conduct: Avoid Conflicts, Ensure Compliance, Prioritize Investor Grievances, Maintain Integrity under SEBI Regulations 1996.</h1> The Code of Conduct for Directors under the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996 outlines responsibilities for directors of depositories. Directors must avoid conflicts of interest, ensure accurate meeting minutes, and engage in strategic planning. Public interest directors have additional attendance requirements and must meet biannually to discuss critical issues. Directors are responsible for regulatory compliance, prioritizing investor grievances, maintaining confidentiality, and upholding integrity and professionalism. They must avoid actions that compromise their independence, objectivity, or the depository's administration, and must not engage in acts involving dishonesty or fraud.
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