Situated in North Bangalore, this property is one of the hottest picks in the investment horizon with excellent road connectivity. With plots ranging from 1200 Sq.ft to 2400 Sq.ft, 'The Serenity' hosts top of the line amenities where you can choose to build your new home or see the plot appreciate in value every passing day.
Located on Yelahanka-Dodaballapur main road,close to Kempegowda intenational airport
"IndiaBuild Property Developers Pvt Ltd" under the brand "Address Maker" is a development initiative undertaken by Piramal Fund Management Private Limited which is a wholly owned by Piramal Group – a global business conglomerate with interests in Pharmaceutical, Specialty glass and Financial Sectors. The Group has operations across three (3) continents and manufacturing bases in USA, UK, and China etc. Primal Group is promoted by Mr. Ajay Piramal.
Piramal Fund (Earlier Known as IndiaREIT Fund) is Piramal Group’s real estate Private equity funding arm. It is one of the largest Real Estate Private Equity fund by AUM (assets under management) in India with both domestic and offshore funds. IndiaREIT Fund is managed, raised & controlled by Piramal Fund Management Pvt Ltd. “Address Maker” brand is owned by Piramal Group.
Under one of the schemes of the Fund, IndiaBuild Property Developers Private Limited was originated as the development arm for a 15 acre residential project on Doddaballapura Road, Bangalore. It was incorporated on 24.08.2010 in Bangalore.
All Directors and Senior Management must act within the bounds of the authority conferred upon them and with a duty to make and enact informed decisions and policies in the best interests of the company and its shareholders/stakeholders.
With a view to maintain the high standards that the company requires, the following rules/code of conduct should be observed in all activities of the board. The Company appoints a compliance officer for the purposes of the code, who will be available to directors and senior management to answer questions and to help them comply with the code.Honesty & Integrity
All directors shall conduct their activities, on behalf of the company and on their personal behalf, with honesty, integrity and fairness. All directors will act in good faith, responsibly, with due care, competence and diligence, without allowing their independent judgment to be subordinated. Directors will act in the best interests of the company and fulfill the fiduciary obligations.Conflict of Interest
Directors on the board of the company shall not engage in any business, relationship or activity, which may be in conflict of interest of the COMPANY or the group. Directors should avoid conducting company business with a relative or with a firm / company in which a relative / related party is associated in any significant role. If such related party transaction is unavoidable, it must be fully disclosed to the board or to the CFO of the company.Enhancing the value of the Organisation
All the Directors and Officers should strive hard to adopt a customer oriented approach and to make the Company more competitive. They should endeavour to make continuous improvements in all the business plans & processes, should foster suggestions/ take innovative steps for the betterment of the Company.Role & Duties of Independent Directors
Role and duties will be those normally required of a Non-Executive Independent Director under the Companies Act, 2013. There are certain duties prescribed for all Directors which are fiduciary in nature and are as under:
Directors are required to comply with all applicable laws, rules and regulations, both in letter and in spirit. In order to assist the company in promoting lawful and ethical behaviour, directors must report any possible violation of law, rules, regulation or the code of conduct to the company secretary.Disclosures
All Directors and Officers should ensure to provide full, fair, accurate, timely and understandable disclosures in all reports and documents required to be presented to shareholders, investors and other Government Authorities.Other Directorships
The Company feels that serving on the boards of directors of other companies may raise substantial concerns about potential conflict of interest. And therefore, all directors must report/disclose such relationships to the Board on an annual basis. It is felt that service on the board of a direct competitor is not in the interest of the company.Confidentiality of Information
Any information concerning the company's business, its customers, suppliers etc., which is not in the public domain and to which the director has access or possesses such information, must be considered confidential and held in confidence, unless authorized to do so and when disclosure is required as a matter of law. No director shall provide any information either formally or informally, to the press or any other publicity media, unless specially authorized .Insider Trading
Any director of the Company shall not derive benefit or assist others to derive benefit by giving investment advice from the access to and possession of information about the company, not in public domain and therefore constitutes insider information. All directors will comply with insider trading guidelines as issued by SEBIGifts & Donations
No director of the company shall receive or offer, directly or indirectly, any gifts, donations, remuneration, hospitality, illegal payments and comparable benefits which are intended (or perceived to be intended) to obtain business (or uncompetitive) favours or decisions for the conduct of business. Nominal gifts of commemorative nature, for special events may be accepted and reported to the Board.Protection of Assets
Directors must protect the company's assets, labour and information and may not use these for personal use, unless approved by the Board.
Once every year or upon revision of this code, every director must acknowledge and execute an understanding of the code and an agreement to comply. New directors will sign such a deed at the time when their directorship begins.Violation of the Code
The Board of Directors will have the power to take appropriate action against anyone found violating the provisions of the Code. Where the Company has suffered a loss due to such violation, it may pursue remedies against the individual.Waivers and Amendments of the Code
The Board of Directors is committed to continuously review and update the policies and procedures. Therefore, this Code is subject to modifications, waivers and amendments as the Board may think appropriate from time to time. The Board or any designated person/committee can waive compliance with this code for any director or officer of the Company.Term of Office of Non-Executive Director
Person shall be eligible for the office of Non-Executive Director so long as the term of office did not exceed nine years in three terms of three year each, running continuously. However, the Board of Directors of the Company may extend the Term of Office of Non-Executive Director for the period not exceeding one year beyond the total term of office of nine years in the interest of the organization on case to case basis.
- To manage and direct the business and affairs of the Company;
- To manage, subject to the Articles of Association of the Company, its own affairs, including planning its composition, selecting its Chairman, appointing Committees, establishing the terms of reference and duties of Committees and determining Directors’ compensation;
- To act honestly and in good faith in the best interests and objects of the Company, its employees, its shareholders, the community and for protection of environment;
- To exercise due care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances and shall also exercise independent judgement;
- To participate directly or through its Committees, in developing and approving the mission of the business, its objectives and goals and the strategy for their achievement;
- To ensure congruence between shareholders’ expectations, Company’s goals, objectives and management performance;
- To monitor the Company’s progress towards its goals and to revise and alter its direction in light of changing circumstances;
- To approve and monitor compliance with all significant policies and procedures by which the Company is operated;
- To ensure that the Company operates at all times within applicable laws and regulations and ethical and moral standards;
- To ensure that the performance of the Company is adequately reported to shareholders, other stakeholders and regulators on a timely and regular basis;
- To ensure that the audited annual financial statements are reported fairly and in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India;
- To ensure that any developments that have a significant and material impact on the Company are reported from time to time to the concerned authorities;
- Not to involve in a situation which may have a direct or indirect interest that conflicts, or possibly may conflict with the interest of the Company;
- Not to achieve or attempt to achieve any undue gain or advantage either to himself or to his relatives, partners or associates and if such director is found guilty of making any undue gain, he shall be liable to pay an amount equal to that gain to the Company;
- Not to assign his office and any assignment so made shall be void; and
- To act in accordance with the laws and regulations of the country and the Memorandum and Articles of Association of the Company.
Strategy and Business Development: The Independent Director should constructively challenge and contribute to the overall strategy and to the business development initiatives of the Company by getting actively engaged with the Company in making introductions to potential clients in the key service areas of the Company;
Performance: The Independent Director should scrutinize the performance of management in meeting agreed goals and objectives and monitor the reporting of performance; and
Risk:The Independent Director should satisfy himself that financial information is accurate and that financial controls and systems of risk management are robust and defensible.Other obligations and compliances
During the period of the appointment, the Independent Director will be bound by the Company Code of Directors and such other codes of conduct under applicable laws including the Companies Act, 2013 and the Securities and Exchange Board of India Act, 1992.Confidentiality and Non-Disclosure
An Independent Director will be liable only in respect of such acts of omission or commission by a company which had occurred with his knowledge, attributable through Board process, and with his consent or connivance or where he had not acted diligently.Review Process
An independent director shall:
The independent directors shall:
The independent directors shall—
mechanism and to ensure that the interests of a person who uses such mechanism
are not prejudicially affected on account of such use;
The re-appointment of independent director shall be on the basis of report of performance evaluation.VI. Resignation or removal: