Blogs

Labour Law Reforms - Understanding the New Labour Codes / Labour Bill 2020

 CODE ON WAGES
• Coverage of wider section of employees
• Criteria for fixing / revising minimum wages
• Decriminalization of offence under the code
• Compliances under the code

 CODE ON OCCUPATIONAL SAFETY, HEALTH AND WORKING CONDITION
• Concept of one license and one registration
• Issues relating to migrant workers
• Relief to victim in case of accident causing serious bodily injury or death

2020: The Year of Increased Data Breaches & Cyber-Attacks

As we are still dealing with the pandemic and its effects on businesses, companies now have more issues to worry about apart from thinking about how to deal with difficult times.

One of these issues is the threat of cyber-attacks in the form of data breaches and ransomware attacks.

With most of the corporate staff working from home, there is an increased threat due to system vulnerabilities.

Role of Internal Auditor with reference to Internal Financial Controls

Definition of Internal Controls

  • Internal financial controls are defined in the explanation to Section 134(5)(e) of the Companies Act 2013 as the policies and procedures adopted by the company for ensuring the orderly and efficient conduct of its business, including adherence to company policies.
  • Safeguarding of its assets,
  • Prevention & detection of frauds and errors.
  • Accuracy & completeness of accounting records and
  • Timely preparation of reliable financial information


  • Cyber Attacks on Cyber Security Firms

    There was a time when cyber-attacks were rarely heard of and we knew of only a handful of companies who were victims.

    In today’s time, cyber-attacks have become very common. Almost every week we read about a company’s data being breached and sold on the Dark Web or the systems being hacked and hackers extorting ransom to give the controls/data back to the company.

    The Growing Importance Of Third Party Due Diligence

    Overview of Third Party Due Diligence

    Companies often associate with third parties like suppliers, agents, consultants, and contractors to improve their business.

    Associating with third parties can help improve the quality of products and services companies offer to their customers, meeting ever-fluctuating demands, and reducing the burden of doing the activities themselves. On the flip side, associating with third parties could also get a company into trouble if they are found dealing with the wrong third party.

    Importance of Cybersecurity

    We are living in the Digital World. Almost all of our personal data would be available on the internet. Companies too store confidential customer and financial data on the cloud and their own servers. A large amount of digital data that is personal and/or confidential is vulnerable to Cyberattacks.

    FOREIGN CORRUPT PRACTICES ACT

    Category: 

    Overview of the FCPA

    Building an Integrity, Ethics and Anti Bribery Program

    You will find these helpful resources among the links below, including sample anti-corruption/integrity compliance programs, related policies.

    Violation of Insider Trading Regulations

    What is Insider Trading?

    Insider trading is defined as malpractice wherein trade of a company's securities is undertaken by people who by virtue of their work have access to the otherwise non-public information which can be crucial for making investment decisions. (Source)

    How to Identify Best Compliance Management Software for your Organisation

    Category: 

    Everyone wants the best compliance management software for their Organization. A good compliance management software would simplify the task of managing Risk & Governance. Naturally, the right compliance management software will help you manage compliances efficiently and cost-effectively.

    But how would you identify which Compliance Management Software is best for your Organisation?

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