POLICIES
We believe in complete transparency, integrity and honesty with all our investors
Corporate Policies

1. Dividend Distribution Policy:

ICICI Securities Limited (the "Company") has been paying dividends in accordance with the Companies Act, 1956 and Companies Act, 2013. This policy documents the guidelines on payment of dividends, and sets out the key considerations for arriving at the dividend payment decision. The Board will have the flexibility to determine the level of dividend based on the considerations laid out in the policy and other relevant aspects. Read further..

2. Policy For Determining Material Subsidiaries:

Regulation 16(1)(c) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as the 'Listing Regulations') requires a company to formulate a policy to determine its 'Material Subsidiaries'. This Policy sets out the criteria for determination of material subsidiaries of ICICI Securities Limited and provides the framework for such determination in line with the requirements of the Regulation 16 and Regulation 24 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Read further..

3. Whistle Blower Policy:

ICICI Securities Limited (Company) has established its Whistle Blower Policy (the Policy) for employees so that they can raise concerns/issues, if any, which they have on the following or possibilities/apprehensions of:
  • Breach of any law, statute or regulation by the Company.
  • Issues related to accounting policies and procedures adopted for any area or item.
  • Acts resulting in financial loss or loss of reputation.
  • Misuse of office, suspected/actual fraud and criminal offences.
Read further..

4. Archival Policy:

ICICI Securities Limited (the Company) has framed a Policy for determination of materiality for events/ information and disclosure thereof to the stock exchange (Policy for determination of Materiality) as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as Regulations), for determination of materiality for disclosure of events or information to Stock Exchanges, based on the criteria specified in the Listing Regulations. Read further..

5. Policy on Related Party Transactions:

The Companies Act, 2013 ('Companies Act' or 'the Act') has introduced sections 177, 184 and 188, which contain provisions regarding related party transactions. These sections, along with the relevant Rules framed under the Companies Act, have introduced certain compliance and approval requirements regarding the related party transactions. Further, Regulation 23 of Securities and Exchanges Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (Regulation 23) has also introduced certain approval requirements regarding the related party transactions. Regulation 23 requires the listed companies to formulate a policy on dealing with related party transactions. Read further..

6. Code of Practices and Procedures for Fair Disclosure of UPSI:

This Code is called ICICI Securities Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information ("Code") and is framed based on the principles of fair disclosure outlined in the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015, specifically under Regulation 8 read with Schedule A thereof (the "Regulations"). Read further..

7. Policy for determination of materiality for events/ information and disclosure thereof to the stock exchanges:

Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as the "Listing Regulations"), requires ICICI Securities Limited (the "Company") to frame a policy for determination of materiality for disclosure of events or information to Stock Exchanges, based on the criteria specified in under the Listing Regulations. The events/information that would be disclosed would be as presently prescribed by the Securities and Exchange Board of India (SEBI) vide circular CIR/CFD/CMD/4/2015 dated September 9, 2015 and as would be amended from time to time. Read further..

8. Code of Business Conduct & Ethics:

ICICI Group expects all its employees, officers and directors to act in accordance with high professional and ethical standards. You must be, and be seen to be, committed to integrity in all aspects of your activities and comply with all applicable laws, regulations and internal polices. In accepting a position with ICICI Group or any of its subsidiaries, each of you become accountable for compliance with the law, with the ICICI Group Code of Business Conduct & Ethics ('the Code'), and with policies of your respective business units. Read further..

9. Corporate Social Responsibility Policy:

Corporate Social Responsibility is the commitment of companies to provide resources and support activities focused on enhancing economic and social development. It is the effort made by companies to improve the living conditions of the local area in which they operate and the society at large. The activities taken up as part of corporate social responsibility reflect the intent to create a positive impact on society without seeking any commensurate monetary benefits. Read further..

10. Remuneration & Compensation Policy:

Section 178 of the Companies Act 2013 lays down requirement for the Nomination and Remuneration Committee to recommend to the Board a policy, relating to the remuneration for the Directors, key managerial personnel and other employees. Read further..

11. Customer Relations Policy:

Customer Service is a key focus area for us, and we are committed to provide consistent and superior customer experience to all our customers. The objective of the Customer Relations Policy is to increase the general awareness of the Company's clients on the overall risk while investing, making them aware of their rights and grievance redressal mechanism. Read further..

12. Environment Policy:

At ICICI Securities Ltd, our commitment towards the environment stems from ICICI Groups Sustainable development which is to bring positive impact as a corporate citizen believing that every small green step today would go a long way in building a greener future that each one of us can work towards a better earth. Go Green is an organization wide initiative that moves beyond moving ourselves, our processes, and our customers to cost efficient automated channels in building awareness and consciousness of our environment, our nation and our society. Read further..

13. ESG Framework:

Established in 1995, ICICI Securities is one of India's leading digitally powered integrated securities firm, offering a wide range of services including retail and institutional broking, financial products distribution, private wealth management, and issuer and advisory services to our retail, affluent and institutional clients. Read further..

14. Diversity, Equity & Inclusion Policy:

ICICI Securities is committed to nurturing and promoting a culture of diversity, equity and inclusion. We need a workforce consisting of people from different backgrounds and distinctive viewpoints to reflect the varying communities that we cater to. Our inclusive culture enables our employees to work effectively, free from any biases. To maintain our culture of diversity, equity and inclusion, the objective of this policy is to: Read further..

15. Human Rights Policy :

ICICI Securities is committed to promote and respect human rights. We have kept in place policies and practices, which aim to provide a work environment that respects and upholds individual dignity. The Human Rights Policy of the organization is aligned to the United Nations Guiding Principles on Business and Human Rights (UNGP) and International Labour Organization's Declaration on Fundamental Principles and Rights at Work. Read further..