Clasis Law

Thursday, 14 December 2017

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Compliance & Audits

Compliance & Audits

Clasis Law assists clients in ensuring legal compliances whilst avoiding the risks associated with non-compliances within complex Indian laws and regulations. The compliance and audit team conducts legal compliance audits covering all areas of law, including but not limited to company law, statutory registrations, foreign exchange laws, stamp law, labour law as well as security and capital market law. We provide our clients with a practical business approach to measure compliance related issues through gap analysis, delivered by means of a focused report, highlighting critical concerns, the impact and effect of non-compliances and, where possible, opportunities for improvement.

Entities doing business in India, amongst others, are primarily regulated by the Companies Act, the Foreign Exchange Management Act. Clasis Law extensively assists its clients in various sectors from the stage of setting up of offices in India including advising on the form of entity, mode of funding, management structure, listing of securities, providing general corporate advisory which, inter-alia, include appointment of directors, convening of board and shareholders meeting, filings with the Reserve Bank of India and the Registrar of Companies. We also advise our clients on significant issues under the Companies Act and Foreign Exchange Management Act such as transactions between related parties, corporate social responsibility, accepting deposits, inter-corporate loans, sectoral caps for investments.

In India compliance with industrial and labours laws needs to be ensured at both Central and State levels. The employment team has conducted several HR audits and assisted clients in becoming compliant.