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Legal & Compliances
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Risk Aversion and Internal Legal Audit
- March 1, 2021
- Posted by: Bansari Joshi
- Category: Legal & Compliances
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Entity ABC allowed its website users to make payments through a payment gateway present on its website, but failed to insulate itself in case of leak in data security of payment gateway. It had to compensate for 50% of losses suffered by the user on account of leak in data security of payment gateway.
Entity DEF did not know it was supposed to report KYC of its directors every year to Government. It had to pay a heavy remedial fee to rectify the non-compliance.
Entity XYZ understood they were supposed to maintain several registers under various labour laws only after being penalised by Labour Inspector.
Neither of the above situation an unimaginable one
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E-Contracts and E-Signatures: Is India Ready?
- November 20, 2020
- Posted by: Drishti Sharma
- Category: Legal & Compliances
As the Covid-19 pandemic continues to rage across the world, it has become increasingly more difficult for organisations to contract, sign and maintain documentation physically as they used to. Most commercial negotiations rely on execution of documents in physical format and….
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Managing Compliance and Ease of Doing Business
- November 16, 2020
- Posted by: Bansari Joshi
- Category: Legal & Compliances
India currently ranks 63rd in the Ease of Doing Business ranking of World Bank. Over the last 5 years, India has improved its rank by 79 positions, 14 positions in last year alone, by implementing policies to increase efficiency and support businesses.
While there are many factors which decide a country’s rank in the Ease of Doing Business Index, an important factor is reduction of compliance burden
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POSH: An Answer to Sexual Harassment at Workplace
- October 16, 2020
- Posted by: Nidhi Bhalla
- Category: Legal & Compliances
I was browsing through the internet searching for the work-related material and came across an article- “Rise in Virtual Harassment” that got my attention and had this strong urge to reinforce the importance of POSH Policy at workplace especially during the Pandemic phase wherein everything has taken a back seat.
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TCS on Sale of Goods – Increased Compliance Burden on Taxpayers
- September 17, 2020
- Posted by: Ajay Chaurasia
- Category: Legal & Compliances
TDS and TCS have been a reliable weapon for the Government over the years serving the varied objectives of preventing tax evasion, widening the tax base and ensuring steady revenue collection for the Government. Thus, over the years, the Government’s clear intention has been to bring as many transactions under the ambit of TDS/TCS as possible.