Page 23 - Bullion World Volume 03 Issue 5 may 2023

Bullion World | Volume 3 | Issue 5 | May 2023

on people and the environment, and documents, and best practices from consumers become more aware of
it seeks to ensure that its members other members. social and environmental issues,
operate in a way that is socially, there is a growing demand for
environmentally, and ethically 3. Improved Business Practices: responsible products and services.
responsible. The RJC's Code of Practices is a Being an RJC member can provide
comprehensive set of standards for a competitive advantage for
Becoming an RJC member has responsible business practices in the companies that prioritize responsible
several benefits, including: precious metals viz. gold and gold business practices.
1. Improved Reputation: RJC jewellery industry. By becoming a In summary, becoming an
membership is a recognized symbol member, companies are encouraged RJC member demonstrates a
of a company's commitment to to improve their business practices commitment to responsible business
responsible business practices. to meet these standards, which can practices in the precious metals viz.
Being a member of the RJC will lead to improved efficiency, reduced gold and gold jewellery industry.
enhance a company's reputation risk, and cost savings. The benefits of membership include
and help build trust with customers, an improved reputation, access to
suppliers, and other stakeholders. 4. Compliance with Regulations: knowledge and resources, improved
The RJC's standards are aligned business practices, compliance
2. Access to Knowledge and with international best practices and with regulations, and competitive
Resources: RJC members have applicable laws and regulations. By advantage.
access to a range of knowledge becoming a member, companies can
and resources to help them improve ensure that they are compliant with
their responsible business practices. relevant laws and regulations.
This includes training, guidance 5. Competitive Advantage: As

M D Overseas Pvt. Ltd: 60+ years of legacy and achievements

The history of M.D. Overseas Pvt. Ltd. includes leading the export of silver bullion in the 1970s,
establishing the first RBI-approved refinery in 1976, diversifying into the import/export of a variety of
commodities in the 1980s, becoming the market leader in India's precious metals physical trading
segment since 1994, and establishing a gold refinery.

At M.D. Overseas Pvt. Ltd., bullion has always been at the center of business operations over our 60
years of cutting-edge travel. The very foundation of our company portfolio is the import of gold and silver
into India's major commerce hubs and the export of plain gold jewellery and medallions.

Some of their major achievements include-
1. RJC (Responsible Jewellery Council) certificate and membership received by our refinery on
23/03/2023.
2. M. D. Overseas Pvt. Ltd. is India’s first refinery to deliver at MCX in April 2021 against Gold Mini
Contract.
3. M. D. Overseas Pvt. Ltd. Gold & Silver Bars are now BSE Deliverable.
4. M.D. Overseas Pvt. Ltd Gold Bars are now NSE Deliverable - the new Indian Gold Good Delivery
Standard.
5. NABL accreditation and BIS license received by our Gold refinery in Rudrapur, Uttrakhand in the
years 2017 and 2018 respectively.

Various awards in the categories 'Best Bullion Dealer of the Year’ for leading performance in Gold, Silver,
and overall performance conferred upon by Industry Associations - IBJA, IIGC, BBA, and FIEO in the
years 2013, 2014, 2015, 2016 & 2017.

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