Compliance Insurance
6500+ Compliance Professionals Pan India take advantage of our 650+ free legal updates from our Muds Knowledge Centre
- Satisfied Clients 100+
- Successful execution of compliances 2,37,960
- Penalties Forestalled 675 m
- Evidences Documented 65,000
- Man hours conserved 16000
The Below Pie chart depicts the effect of Compliances on the risk quotient of the organization.
” The cost of compliance is always lesser than the risks of non compliances .”
Major Industries covered by Muds Compliance Insurance
- E-Commerce
- Cyber Law
- HealthCare
- Manufacturing
- Pharmaceuticals
- Healthcare
- Tourism & Hospitality
Why do you need Compliance Insurance?
- Safeguarding your interest via paying premium to Muds.
- Stay updated & compliant with new laws, rules & amendments.
- Saving ourselves from hefty fines & Imprisonment for non-compliances
- Hassle free compliance outsourcing
- Well planned & Execution of all legal Compliances
- Elimination of Loopholes in the Legal Compliance Management
- Compliant company will attract clients and investors.
- Get away with your Enterprise risks.
- Helps Avoid litigation risks and Consumer complaints.
How Compliance Insurance works?
Define:
You can use the step-by-step wizard to quickly define compliance requirements for multiple companies/locations. You can manually configure the master data or upload the bulk data using a spreadsheet (MS Excel, CSV).
Schedule:
Compliance requirements can be scheduled for multiple fiscal years, as well as vacation and weekly vacations. It can also be easily rearranged/ modified. Use spreadsheet data – MS Excel, CSV.
Allocate:
Each compliance task can be assigned to its own department and user, so responsibility is not blurred.
Organize:
Compliance helps, organizations to complete the task for your Company and to-do items as well as data related to tasks in different file formats, such as MS Word, MS Excel, PDF, challan copies, documents, spreadsheets, scanned documents and any other electronic file formats.
Track:
Tracking of compliance requirements is its one of the biggest USPs. Our organization keeps a regular check with the update requirement of the different prevailing state and central laws.
Internal challenges faced in Compliances
- Lack of ownership
- Lack of Knowledge
- Segmented initiatives
- Process & process owner changes
- Multiple dealers & Contract
Business Complexities, legislative changes, dependencies on external vendors have increased need for a robust system
LEGISLATIVE CHALLENGES
- Different no. of legislations
- Central & States Laws
- Multiple regulations
- Multiple Organisation locations
- Industry Specific Guidelines & Policies
COMPLIANCE REPORTING
- Periodical reports to Management
- Dependence on all depts
- 3,500+ compliances from 99+ Acts to be reported every year
Applicable Laws
- Company Laws
- SEBI Regulations – SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, UPSI
- Employment and Labour Law 2019
- Human Rights
- Anti-Harassment and Abuse
- Anti-Discrimination; Legal Right to Work
Muds Solution Directory
Enterprise Solutions
Compliance Service Management | ||
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Practice Solutions
Compliance Service Management | ||
| We manage | We Identify | We reduce risk |
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Advisory Portals
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Muds Knowledge Centre
- Blog
- Legal Updates
- Procedures & Policy
- Act Encyclopaedia
Compliance means managing the working of an organization within the legal framework as provided by various existing laws, also it includes giving importance and detailing every minute aspect in an Organisation. Further, the process includes segregating the Organisation into various departments and then studying each department whether it’s up to date with the recent government policies or not, if not filling the gaps and deficits.
Compliance is a vital element for legal completeness, legal consistency and working of any business in order to avoid unnecessary fine and other punishments as mentioned in different Acts applicable to a particular business line.
It majorly depend upon the type of industry, but few common laws that are similar in all the industries are Labour laws, Prevention of Sexual harassment at workplace Act, Maternity Benefits Act etc.
It totally depends upon the size of the industry, tentatively it takes somewhere around 30-45 days to make a detailed checklist and a business fully complaint.
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