What is Legal Compliance Audit?

Legal compliance audit is a due diligence system to minimize business risk by verifying and identifying the gaps in regulatory compliances that are applicable to the company and drafting a course of action to keep the company on a steady compliant track

Why Legal Compliance Audit?

Legal audit makes you and your executive members familiar with the compliance requirements for your company as laid by the law.

  1. It shows the current status of compliance and gives you a step by approach to becoming a compliant organization
  2. Transparency in compliance is viewed positively by all stakeholders especially by institutional investors
  3. Prepares you (Management, Operational staff and Location heads) for any impromptu regulatory audits by the authorities

Compliance Calendar

all-day GSTR-6 by Input Service Distributor
GSTR-6 by Input Service Distributor
Nov 13 all-day
Monthly Return for an Input Service Distributor in Form GSTR-6.Penalty:- Late fee of Rs. 200 per day of delay (Rs. 100 per day of delay for NIL return) subject to the maximum cap in the …
all-day Employees State Insurance Act –...
Employees State Insurance Act –...
Nov 15 all-day
The Establishment should send return of contributions in quadruplicate along with receipted copies of challans for the amounts deposited in the Bank, by registered post or messenger, in respect of all employees for whom contributions …
all-day Employees Provident Fund – Month...
Employees Provident Fund – Month...
Nov 15 all-day
The Employee Provident Fund return must be filed by all entities having Provident Fund registration every month. The employer shall file the monthly challan-cum-return through the online / employer e-sewa scheme. Format: ECR Penalty: If an …
all-day Form 16A – TDS certificate
Form 16A – TDS certificate
Nov 15 all-day
Quarterly TDS certificates (in respect of tax deducted for payments other than salary) for each quarter.These certificates provide details of TDS for various transactions between deductor and deductee. It is mandatory to issue these certificates …
all-day GSTR-2 for inward supplies
GSTR-2 for inward supplies
Nov 15 all-day
Monthly statement of inward supplies of taxable goods and/or services by the Registered Taxable Recipient in Form GSTR-2.Note:- Implementation deferred This event has a Google Hangouts video call. Join: https://hangouts.google.com/hangouts/_/lsa-india.com/karunakar?hceid=bHNhLWluZGlhLmNvbV9lZ25yazlnamRrdm5zMjJ2b2J1MmhtbWUyb0Bncm91cC5jYWxlbmRhci5nb29nbGUuY29t.283l0c2l2igtllnvjvm97perdc&hs=121

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Parameters Audited by us

Availability of licenses and registrations for various functions of the facility

100+ Licenses covered

Eg:Fire licenses,Building approval,Pollution consents,License to operate CT/Cathlab,license to operate a Blood Bank etc.

Timely submission of periodical returns to the relevant authorities

40+ Returns covered

Eg: Form V-Environment report,Water cess returns,Form D-Statement of bonus,MTP monthly statement etc.

Adequate and accurate maintenance of the records prescribed under the law

200+ records covered

Eg:Consent to perform MTP,Declaration in Form F to perform Ultrasound,Master records in the Blood Bank,expired drug records etc.

Appropriate Display of posters, licenses and signage's as mandated under the statutes

35+ Notices and warnings to be displayed checked

Eg:Notice under gratuity Act,Notification of minimum wages,Caution to pregnant women entering X-Ray room,No smoking sign near gas cylinders etc.

Norms should be followed while offering services to the Patients and in maintaining the infrastructure

600+ procedural day-to-day compliances checked

Eg:Conduct of periodical fire drill,construction of proper storage sheds for Biomedical waste,intimation of changes in technicians in pharmacy etc.

Statutory updates required to be made to the website maintained by the organization

10+ requirements for updation checked

Eg:Uploading authorization committee decisions on transplant,internal complaints committee members list under sexual harassment laws

  • A legal audit is always conducted by an auditor with Proven experience and success in auditing companies in similar industries
  • A Comprehensive audit framework specifically designed for the each industry to effectively identify and mitigate compliance gaps
  • Flexibility to scale up coverage and frequency of audit in line with company’s expansion plans and requirements
  • Simplified cost structure with per-location pricing provides predictability in cash-outflow for the company

Uniqueness of our Approach

Every Little thought leads to a great idea

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