Corporate Governance
At ClapCredit, we believe that strong governance is the foundation of long-term trust, transparency, and ethical growth. As a brand of SURYA-SHAKTI VYAPAAR PRIVATE LIMITED, an RBI-registered NBFC, our policies are designed to ensure compliance with all regulatory requirements while protecting the interests of our customers, employees, and stakeholders.
Regulatory Compliance
We operate fully in line with the Reserve Bank of India's Master Directions for NBFCs, with governance guidelines approved by our Board of Directors and made available for public awareness. Our internal controls and monitoring systems ensure that every process is both compliant and customer-centric.
Purpose of Our Governance Policy
Our governance policy aims to:- Promote transparency in decision-making
- Maintain accountability across all levels of management
- Uphold integrity and fairness in business practices
- Create sustainable value for stakeholders
Purpose of Our Governance Policy
Our governance policy aims to:- Promote transparency in decision-making
- Maintain accountability across all levels of management
- Uphold integrity and fairness in business practices
- Create sustainable value for stakeholders
Board Structure & Responsibilities
Our Board includes experienced directors with a mix of executive and non-executive members, bringing diverse expertise to our operations.
Each director declares any outside interests and updates them promptly to avoid conflicts.
Directors are responsible for attending meetings, reviewing agendas in advance, protecting confidential information, and ensuring quarterly compliance certifications are completed.
Meetings & Quorum
The Board meets at least four times each year, with no more than a 120-day gap between meetings.
A quorum is met when at least one-third of the directors or two directors (whichever is higher) are present.
Participation can be in person or through approved electronic means.
Any director with a conflict of interest will disclose it in line with Section 184 of the Companies Act, 2013, and may still be counted for quorum purposes.
Chairperson’s Role
Meetings are led by the Chairperson of the Board. In their absence, members present may elect a Chairperson from among themselves to ensure smooth proceedings.