As per New Companies Act, 2013, Sec 134 (5) (f) the directors has been vested with the responsibility of
"Devising proper systems to ensure COMPLIANCE with the provisions of all applicable laws and that such systems were adequate and operating effectively"
Consequences of Non Compliance are Fine of Rs. 50k to Rs. 25 lac AND OFFICER INCHARGE shall be punishable with IMPRISONMENT for a term maximum to Three years.
Compliance Review & Advisory Services (with the help of a firm of Chartered Accountants) which will help the directors to justify their bonafide Interest in devising the proper system of Compliance of all applicable laws AND to ensure that the systems are working & operating effectively.
LAWS WHERE WE COULD PROVIDE ASSISTANCE ARE AS FOLLOWS: