Corporate Complience Management : A Risk Management

A RISK MANAGEMENT & RISK MINIMIZATION PACKAGE

A Venture of

…….

www.ccmonline.in

Companies are governed by complex WEB OF LAWS,

Regulations, Voluntary Codes, Industry Codes and Corporate

Policies

CCM for Today’s Scenario,

Corporate Governance in System

Clause 49 of Listing Agreement:

“ The Board shall periodically review compliance reports of all laws applicable to the company, prepared by the company as well as steps taken by the company to

rectify instances of non-compliances.”

COMPLIANCE is about protecting an organization’s License To

Operate – lack of which introduces a substantial Financial

and Operational risk to an organisation

COMPLIANCE MEANS OBEYING THE LAW

Compliance is…….

HOW CCM TOOL

WILL HELP???

Regulatory Acts

Companies Act

MRTP Act (Competition Act)

Industry Specific Law

[Brokers Rules & Regulations ]

FEMASCRA

SEBI Act

Labour and Industrial Laws

CCM

We usually Confront with these??

I don’t know which laws are

applicable

How to make compliances

on time?

I am bored of

Stereotyped Compliance

system

canAdd Value to

Your Organisation ?

???

HOW

Can Add Value……..By

Use of Compliance Tools, Checklist to identify & Manage Conformance Requirements.

Identification of the Non- Conformance which needs Remedial Action.

Defining, Tracking and Implementing Corrective Actions to address non conformance.

Use of Control Techniques

Providing Visibility into the entire process through Reporting and Dashboards.

Benefits of

Compliance Management

Lay the foundation for controlled environment

Avoid stiff penalties

Enjoy Healthy Returns

Companies that go extra mile with their compliance programs

And Therefore, We had

Effective Compliance Program

Elements of Effective Compliance Program

Customization of …..

At One Place

THE FOUR STEP PROCESS

STEP II : IDENTIFICATION PROCESS

STEP III : QUESTIONNAIRE

STEP I : CORPORATE JANAMPATRI

STEP IV : EVALUATION PROCESS

CORPORATE JANAMPATRI

Understanding the Company

STEP I

- Company’s History & Background

- Business Set up - Board of Directors

- Capital Structure & Evolution

- Management & Administration buildup

- Financial & Debt Structure

STEP II

IDENTIFICATION PROCESS

Laws Identified on the basis of Company’s basic info

•General application of laws

• Sectoral applications

• Industry / Segment applications

• Geographical applications

• Number of Employees

• Transaction applications

Identification of applicable laws

General Laws

• Companies Act, 1956

• Income Tax Act, 1961

Area Specific

•Shops & Establishment Acts

•Stamp Act

Industry Specific

• SEBI (Stock Brokers & Sub Brokers) Regulations

• NSE/BSE Bye Laws

International Transaction

• FEMA , 1999

No of Employees

• Payment of Wages Act, 1936

•Contract Labour (regulation & abolition) act,

1970

Securities Laws

Listing Agreement

DIP Guidelines

STEP III

QUESTIONNAIRE

For event based laws

As for instance:

A Company has its operations of exports which further Involve lots of foreign exchange transactions.

STEP IV

EVALUATION

PROCESS Event based Laws

Evaluation: Preparation at home

Evaluating the applicable laws after due identification process

Identification: FEMA, 1999

Evaluation : FEM ( Exports of goods & services) Regulations, 1999

Exhaustive Check-list with compliance calendar for all applicable laws under

four heads:

Registration & Licensing Requirements;Regular Compliances;Event based Compliances; andRequirements of Maintenance of

Registers & Records;

Compliance Timings: Evaluation

Compliance Timings

Fixed / Regular Event Based

Industry specific compliances

Special for Broking Companies Customization of Package keeping in view the Industry in

which the company is working e.g. Broking Company

Inclusion of Specific Checklist to be considered Daily – Margin requirement; Issuance of Contract Notes

Monthly, Quarterly, Yearly Returns Event based- client Account opening

Tracking of unintentional non-compliances on daily basis and suggestive remedial actions;

Still Worried

How To Keep Records of large no. of Compliances?

How to Remember about the Compliance dates numerous laws?

Whether any other Law is applicable?

What will be the Consequences?

What Recourse is available to me?

Solution for rest of your problems“PRODUCTS”

of CCM TOOL

www.ccmonline.inA 100%secured web-based

solution

Compliance Checklist

Compliance Scheduler

Timely Alerts and Reminders

Mails & Messages

Reminders

Forms Library

Download

Compliance Report

REAL-TIME BASIS

Pending NonCompliances Compliances

&

Compliance Report

Compliance Health Check

Compliance Statistics

Pie Charts Bar Diagrams

Compliance Statistics

Risk Analysis

Penalty Risk Classification

Significance

Type Probability

I year prosecution

High Urgent Medium

Fine of Rs. 1,000

Low Avoid Low

High RiskModerate Risk

Low Risk

Risk Reporting

Online Support

o Query Boxo Get an Opiniono Interpretation of Applicable

Laws

Query Box

Opinion Box

Striking Feature of www.ccmonline.in Coverage of more than 200 Act, Rules,

Regulations, Guidelines, Circulars & Notifications effecting the compliance requirement of a Company

Covers all Industry Specific & Location based laws

Real Time updation by Expert Professionals located all over India

Customization of Checklist according to the applicable laws to your Company

Feature of www.ccmonline.in…Cont.

Rights/option to create a complete system of compliance management Creation of Different Users to comply with different laws Fixation of dead lines for compliance by each user

Creation of Three Tier Hierarchy for compliance Reporting System

Alerts at different levels as the last date of compliance comes closure

Alerts & Reminders by way of mails & messages


Online support in the form of Query Box

Facility of getting Opinion on any of the Topic of Compliance from Eminent Professionals of the field on our panel

Discussion Forum & Archive of Topic-wise Discussions

Library of Forms of all laws covered


Reporting of Compliance & Non-Compliance On Real-time Basis On Quarterly Basis

Archive of Quarterly Compliance Reports

Risk Assessment of Non-Compliances Reporting of Consequences segregated in High, Medium & Low

financial & Other Risks

Maximize the value of Company’s compliance efforts to shorten cycle times,

Reduce cost,

Improve overall business performance.

Risk and Rewards of Compliance

Forward-thinking companies understand

that it is an opportunity to enable

truly improved business

efficiency

Turning Obligation into Opportunity

A Solution for Today and Beyond……

Corporate Compliance Management

Corporate Professionals (India) Pvt. Ltd.D-28, South Extn. Part-I,

New Delhi 110049Tel: +91.11.40622200,Fax: +91.11.40622201

Kavita: 9818587794; Manoj: 9910688433

Email: [email protected]

Visit us at:www.corporateprofessionals.com

For further information

Please contact…

Thanks a lot…