This document discusses codes of conduct in advertising. It begins by introducing the topic and noting that while advertising attracts consumers, it can also be controversial in its economic, social, and ethical impacts. It then explores the economic, social and psychological functions of advertising. The document outlines that advertising should not mislead consumers, must deliver on promises, and should honor social norms and public decency. It discusses guidelines from the Advertising Standards Council of India (ASCI) to ensure trust, honesty and fairness in advertising. In conclusion, the document examines the role of regulations in establishing responsible practices for advertisers.