Compliance management software India

Managing compliance requirements has become very difficult due to multiple layers of compliance requirements that is needed to be fulfilled by a company operating in India. The company has to fulfill requirements related to various governing authorities like Finance and Commerce Ministries, Securities Exchange Board of India (SEBI), Reserve Bank of India (RBI) etc.  Compliance management software is the much needed help that a Company Secretary can ask for to fulfill these legal requirements of the company as each of the above mentioned authorities issues new rules or changes to existing rules. This process could become very difficult to manage if proper tracking is of these changes is not done.
With the help of compliance management software systems it becomes easy for the Company Secretary to sort out the documentation process as well as manage the timelines that each requirement has allowed for. Compliance software is capable of giving reminders through notifications popping up as the countdown to the compliance date nears. It lays down the exact rule that a particular authority requires from the Company along with the procedure to fulfill and the date of submission. A Company Secretary is able to manage all these compliance requirements efficiently through the software. Even the directors and CXO’s are able to track whether the Company Secretary has been able to fulfill all the requirements as they can set ATR – Action Taken Reports. After-all, the Directors are responsible to ensure that the Company doesn’t lose its license or its reputation.
Compliance Management Software in India have been a big saving grace for companies dealing with multiple levels of compliance requirements. One such robust compliance management software is LegiLens from the BiS (Board Information Software) system offered by Axar Digital Services Pvt. Ltd. The software is getting good response from the market due to various useful features that it offers for the Company Secretary and the Board of Directors, responsible to ensure one hundred percent compliance by the Company.

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