Our Code of Conduct

General

VedaSoft is committed to upholding the highest standards of conduct. The standards, improved from time to time, apply to VedaSoft, its directors, officers and employees.

The standards are not exhaustive. The underlying principle of high standards applies to all issues even if they are not covered specifically in the standards. VedaSoft CEO or directors can be contacted to get answers to any questions relating to these standards.

Directors, Officers and Employees are expected to bring all violations to the attention of any non executive member of the Board of Directors. Please send emails to CEO.

Corporate citizenship

VedaSoft shall be a good corporate citizen and shall comply with the letter and spirit of all laws governing its operations and conduct its affairs in accordance with the highest moral, professional, legal and ethical standards.

Fair dealing

VedaSoft shall deal with customers, suppliers, government, employees, competitors and community with integrity and in a manner which is fair, honest and ethical. VedaSoft shall not strive to take unfair advantage through any unfair practice.

Fair behaviour in market place

VedaSoft strives to be competitive by adding value to its customers. However, VedaSoft shall at all times respect the law and be fair while being competitive. VedaSoft shall not indulge in violating laws applicable to competitive behavior. VedaSoft shall not indulge in securing competitive advantage through illegal or unlawful means. Collection of intelligence about competitors shall be by lawful means only.

VedaSoft fully respects the intellectual property rights of its customers, suppliers and competitors. VedaSoft’s behavior in respecting intellectual property rights shall strive to comply with applicable laws fully.

Equal opportunity Employer

VedaSoft is an equal opportunity employer. VedaSoft shall not discriminate on the basis of gender, nationality, race, color, religion, marital status or age. VedaSoft believes diversity of people in the company adds value to the business.

Hiring, promotion and compensation decisions shall be entirely based on fitness for purpose, appropriateness and market conditions.

Health and Safety

VedaSoft shall strive to provide and maintain a safe and healthy work environment. Compliance with all health and safety related laws and regulations are a minimum commitment.

VedaSoft expects its directors, officers and employees to be aware of the health and safety policies and practices and help all customers, contractors, and visitors comply with these policies and practices while in VedaSoft premises or while working on behalf of VedaSoft.

VedaSoft directors, officers, employees and contractors designated to work in customer or supplier environments shall comply with the health and safety policies and practices in force in such environments.

All accidents, however minor, are to be reported to HR.

Environment

VedaSoft cherishes the need to keep our environment sustained for the future. VedaSoft shall comply with all laws and regulations relating to the protection of the Environment. VedaSoft shall be prompt in responding to any threats to the environment. In protecting the environment VedaSoft shall co-operate to the maximum with the Community. VedaSoft shall comply with all record keeping and reporting obligations.

Financial Integrity and Reporting

VedaSoft shall maintain its accounts and report financial results in a true and fair manner.

VedaSoft shall maintain sufficient business and reporting controls consistent with its size to protect stockholders’ interests.

VedaSoft will not falsify records or reports.

Improper or Questionable payments

VedaSoft shall not make improper or questionable payments of company funds to anyone for obtaining or retaining business or securing any improper advantage.

Political and Charitable contributions

VedaSoft shall not fund or support any specific political party or candidate for political office. VedaSoft’s assets shall not be used for any political campaigns.

VedaSoft will not interfere with the employees’ right to have their own views on politics.

Use of VedaSoft’s name to endorse a charitable organization or event is not permitted without the prior approval of the Board.

Government Inquiries

VedaSoft is committed to fairness, honesty and integrity in dealing with the government and regulatory agencies with which we interact.

VedaSoft and its employees, agents and contractors must cooperate with appropriate government inquiries and investigations. However, it is important to protect the legal rights of VedaSoft with respect to its confidential information. No financial information may be disclosed without the prior approval of the Vice-President /Finance.

Conflicts of interest

VedaSoft expects its directors, officers and employees to have no conflict of interest in their dealings on behalf of VedaSoft, in their dealings in the market place or in their dealings with each other. In the unfortunate event of a conflict of interest arising, directors, officers and employees are expected to disclose such a conflict immediately to the CEO and an independent director.

Conflicts of interest arise, among other instances, when a director, officer or employee