Why Comply ?

When running a business, whether it is an SMB, or a large enterprise, one of the basic requirements is 100% compliance with the law. In complex jurisdictions, this can be a very daunting task! In India alone, there are over 76,000 possible annual statutory compliance laws in 2019.

You have to:

determine which among this myriad of laws apply to you

keep track of all the legal updates and notifications

make sure that you conform to the law in letter and spirit

and of course, always be ready for compliance audits.

All of this just distracts you from your core focus – your business.

Being non-compliant also does the same thing. If the associated penalties for non-compliance are not enough of a deterrent, the consequences to your senior management, and the wasted hours filing a large amount of paperwork to remedy these non-compliances, should be!