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TALIC mandates that the highest standards of integrity should be upheld in all business interactions. Any and all forms of corruption, extortion, and embezzlement are unacceptable.
No improper advantage
Bribes and any other means of obtaining undue or improper advantage should not be embraced or accepted. No festival gifts are to be offered to TALIC employees. If any evidence of the same is found against a vendor or a service provider, all contracts and purchase orders of the said vendor or service provider shall be terminated with immediate effect. The vendor/service provider shall also be black-listed for any prospects or future business.
Disclosure of information
Information pertaining to business activities, business structure and financial situation and performance is to be disclosed in accordance with applicable regulations and prevailing industry practices. The vendor/service provider shall ensure the integrity of data and/or information furnished by TALIC at all times. The vendor/service provider shall be entirely responsible in ensuring that the confidentiality of data is retained, and in no circumstances transferred to an outsider, in the course of normal operations, without prior written consent/approval from TALIC.
Intellectual property including, but not limited to, patents, trademarks and copyrights, developed or otherwise acquired by the vendor/service provider using TALIC resources during their engagement with TALIC and which is related to TALIC's business, is the property of TALIC.
Information regarding business activities and performance should be informative and disclosed in accordance with the applicable regulations and prevailing industry practices at that time.
Antitrust and fair competition
The vendor/service provider shall provide superior products and services not through improper or anticompetitive practices but by maintaining healthy and prudent competitive practices. In doing so, the vendor/service provider shall not violate any concerned anti-corruption laws including, but not limited to the Prevention of Corruption Act to obtain or retain business and shall not indulge in practices prohibited under anti-corruption laws
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