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Compliance set up refers to the process of establishing and implementing a comprehensive framework to ensure that an organization adheres to all relevant laws, regulations, and industry standards. This involves creating policies, procedures, and controls that align with legal requirements and ethical guidelines. Proper compliance set up is essential for mitigating legal risks, maintaining the organization’s reputation, and avoiding penalties. It typically includes employee training, internal audits, and continuous monitoring to ensure ongoing adherence to compliance standards. Ultimately, an effective compliance set up is crucial for building trust with stakeholders and fostering a culture of integrity within the organization.
Ronak Jhuthawat & Co key offerings also include setting up compliances, approvals from all the government departments including approvals from the Registrar of Companies, Ministry of Corporate Affairs, Reserve Bank of India (RBI), Director General of Foreign Trade (DGFT), FDI, Retail, Trading, Non-banking finance companies etc.
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