Compliance management is the method by which corporate manage the entire compliance process. It includes the compliance program, compliance audit, compliance report etc. and in other words it is called compliance solution. Secretarial Audit and Compliance management are the routine tools for effective governance. Compliance management is to be in built into the corporate system to avoid non compliances and the Secretarial audit is carried out on periodical basis by an independent professional.
Bizlegal can help you out in devising a holistic compliance management mechanism for your organization, so that you don’t have to worry about non-compliances.
The risks of non-compliance of the law are many:
Cessation of business activities
Civil action by the authorities
Punitive action resulting in fines against the company/officials
Imprisonment of the errant officials
Damage to the reputation of the company and its employees
Attachment of bank accounts
Corporate compliance management should broadly include compliance of:
Commercial Laws including Intellectual Property Rights Laws
Pollution Control Laws
Industry Specified laws
All other Laws affecting the company concerned depending upon the type of industry/activity
The Compliance Management encompasses
Compliance Reporting and
Periodical Compliance MIS
Our practical and pragmatic approach towards managing the compliances of your organization, can ensure you that nothing is missed, so that you can focus on your core areas instead of worrying about the last dates and filings.