https://www.taxtmi.com/article/detailed?id=5331 Companies must map business activities to applicable statutes and implement systems for ongoing adherence. Compliance functions require internal controls, fraud detection, asset safeguards, resource allocation and periodic review to reduce legal and reputational risk. Company secretaries or designated competent officers are responsible for assessing, monitoring and ensuring compliance, supported by systems for risk identification, measurement, mitigation and control. A formal compliance policy should assign a compliance officer, identify compliance areas, provide continuous monitoring, and establish checks, balances and budgeting; a board level compliance committee is desirable. en-us Tue, 22 Oct 2013 10:08:40 +0530 Tue, 22 Oct 2013 10:08:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5331 Companies must map business activities to applicable statutes and implement systems for ongoing adherence. Compliance functions require internal controls, fraud detection, asset safeguards, resource allocation and periodic review to reduce legal and reputational risk. Company secretaries or designated competent officers are responsible for assessing, monitoring and ensuring compliance, supported by systems for risk identification, measurement, mitigation and control. A formal compliance policy should assign a compliance officer, identify compliance areas, provide continuous monitoring, and establish checks, balances and budgeting; a board level compliance committee is desirable. Articles Corporate Laws / IBC / SEBI Tue, 22 Oct 2013 10:08:40 +0530 https://www.taxtmi.com/article/detailed?id=5331