Compliance Insurance
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The Below Pie chart depicts the effect of Compliances on the risk quotient of the organization.
Before Compliance Pie Chart
After Compliance Pie Chart
” The cost of compliance is always lesser than the risks of non compliances .”
Major Industries covered by Muds Compliance Insurance
Why do you need Compliance Insurance?
Why do you need Compliance Insurance?
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
Need For Comprehensive Compliance Solution..!!
Business Complexities, legislative changes, dependencies on external vendors have increased need for a robust system.
LEGISLATIVE CHALLENGES
COMPLIANCE REPORTING
Concept
Muds Solution Directory
Enterprise Solutions
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| We ensure | We advise | We resolve |
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Enterprise Solutions
| Compliance Service Management | ||
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| We manage | We Identify | We reduce risk |
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Advisory Portals
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Muds Knowledge Centre
Alternately Call our Legal Expert Now For Free Consultation at 09599653306
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.
