Legal Audit: Precaution is better than Penalty

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The formation of a company, a firm or an entity similar in nature is bound by a number of aspects.

Individuals and other persons associated with it in various capacities like employees, shareholders, partners, banks, contracting parties in business and the society in general become a part of it.

At the same time, such an entity comes under a gamut of laws that regulate its functioning and safeguard the interest of those associated with it.

Compliance with the Companies Act, SEBI guidelines and laws revolving around labour, taxing and environment are not just part of good corporate responsibility and governance but ensures transparency and protection of investors.

Compliance with laws is a matter of honest practices which, if not performed correctly and timely, may invite penalties.

To ensure such compliance and safeguard a company against untoward incidences, a technique known as  Paul George Jersey

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