Non-compliance can lead to fines, penalties, and reputational damage. Adhering to corporate compliance safeguards legal and financial interests.
Companies Act, 2013 – annual filings and board meetings
SEBI compliance – for listed entities
Tax compliance – GST, income tax, TDS
Labor law compliance – EPF, ESI, minimum wages
Maintain proper documentation
Regular audits and internal controls
Timely filing of statutory returns
“Compliance is not just a legal necessity but a business strategy to mitigate risk.”
Q1. What is corporate compliance?
A: Adherence to laws, regulations, and internal policies governing business operations.
Q2. Are GST returns mandatory?
A: Yes, for registered businesses.
Q3. What happens for non-compliance with Companies Act?
A: Penalties, fines, and potential legal action.
Q4. How often should internal audits be conducted?
A: At least annually or as required by law.
Q5. Can non-compliance affect company reputation?
A: Yes, it impacts investor confidence and business credibility.
