Legal and Regulatory Compliance Audit
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 regulatory compliance audit makes you and your executive members familiar with the compliance requirements for your company as laid by the law.
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
“Regulatory compliances are becoming more stringent these days. But more importantly, investors and stakeholders demand high standards of compliance and disclosures from their companies.
Our futuristic compliance monitoring system, makes it very easy for companies to become transparent and Marketable.”
– Vikrant Shekhar, Partner
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