Avantis, a TeamLease Company, is India’s leading Regulatory Technology (RegTech) solutions company focusing on Governance, Risk and Compliance (GRC) Platforms and enabling Ease of Doing Business for over1,500 legal entities across 28 States and 9 Union Territories. Avantis offers state of the art multi-tenant, SAAS solution on its web and mobile platforms, enabling a transparent, accountable and efficient risk, compliance and audit management.

Companies Act 2013 has significantly enhanced the disclosure requirement by companies and its Directors to Shareholders and various Statutory Authorities like Registrar of Companies, Stock Exchanges, etc. Additionally, multiple penal provisions had been introduced around imprisonment and significantly high monetary penalties. Currently, the Act requires 661+ compliance and 100+ filings applicable to various types of companies and these rules and regulations are amended very frequently by the Ministry of Corporate Affairs (MCA). Here is the secretarial management software for managing the secretarial operations.

All these requirements are complex and requires in-depth understanding and expertise knowledge. Currently, these complex requirements are managed by Companies’ Secretarial departments or by the Practicing Professionals (PCS) manually with no technological support mechanism.

Despite a good move towards digital India and the efforts with regards to ‘Make in India’ initiative, doing business in the country is anything but straightforward for compliance management. The entire process of setting up a company and getting necessary licenses, permissions, and orders, can take huge time, which often comes off as a huge loss for businesses, because schedules are hard to maintain. Also, most investors and entrepreneurs don’t have a comprehensive system to get Secretarial Legal Update, which can be a bummer considering that legal aspects, compliance and regulatory matters change every now and then.

Take the step forward and subscribe legal updates in India! Visit our website www.avantis.co.in or Call us at 8893594595 for details or to schedule a demo.