Understanding the Role of a Corporate Compliance Lawyer in India
Setting up a business in India nowadays implies dealing with an enormous set of rules, laws, and regulations promulgated by industry authorities. From company registration issues to income tax payments and labour laws, everything turns into a compliance issue. In this arena, corporate compliance lawyers enter. They are legal guides who protect businesses from penalties and keep their reputation intact while also providing a strong legal base. What Is Corporate Compliance? Before looking at the roles played by lawyers, it would be worthwhile to mention the need for corporate compliance itself. In very simple language, corporate compliance entails all measures taken by a company to adhere to any law, ethical responsibility, or regulatory obligation imposed upon it. This covers a wide range of categories: ● Following government regulations such as those laid down by the Companies Act, income tax laws, and environmental regulations. ● ...