Compliance is applicable to every company irrespective of size, objectives, and capital structure. Smaller companies lack professional support for such compliance and are subject to risk. A formidable option in such a situation is to appoint corporate consultants which charge a fee depending on what compliance policies are needed reducing the need of hiring a specified group of in-house professionals.
Compliance management is to help promoters and management understand the applicable laws and regulations for maintaining the regulatory environment. It includes creating a compliant framework by an in-depth assessment of the existing processes and internal structure ensuring sound corporate governance. The regulations may vary with the region or locality where the company is registered as some but not all laws are state-wide. Also, globalization has added to the compliance requirements as relevant regulations are applicable when conducting business in different regions. There is the need of filing various annual forms comprising detailed information about shareholders, finances, changes, etc. These forms are required to be certified by professionals as per various compliance regulations. LBIT Compliance is active in this field and has a team to help prepare the documents for on-time filing.
Compliance based on events arises when a company goes through changes that may or may not be deliberate. Depending on a specific event, there is required paperwork that needs to be completed by a specific deadline, skipping which can attract penalties. Our company helps clients meet the deadline for specific event-based compliance.
LBIT Compliance is a consultancy providing all types of compliance management services. It has a diverse knowledge of various fields combines with experienced professional compliance expertise. The services of LBIT Compliance include advisory, due diligence, audits, AML, BSA, and KYC compliance.