Board Meeting Management Tool

Meet Your Structured Digital Database SEBI Compliance Obligations What is the structured digital database (SDD)? The SDD or Structured Digital Database SEBI is a digital database that must be maintained by every regulated entity (listed companies and market intermediaries). This database maintains a record of people who have access to unpublished price-sensitive information (UPSI) as well as a corresponding history of all their trades. The board of directors have been made directly responsible for maintaining such a database under regulation 3(5) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. This database also records the name of persons with whom such information is shared along with their permanent account numbers (PAN). The SDD Structured Digital Database cannot be outsourced and must be maintained internally with adequate internal controls and checks  such as time stamping and audit trails to ensure non-tampering.  The Structured Digital Database SEBI ...

Why Your Business Needs Compliance Management Software: The Benefits of Transparency, Accuracy, and Timeliness Managing regulatory compliance requirements can be a complex and challenging task for businesses of all sizes, especially in highly regulated industries. Failing to comply with industry standards, local, state, and federal laws can result in severe penalties, lawsuits, and damage to your company's reputation. compliance management software has emerged as a valuable tool for managing these challenges. By automating many of the manual tasks involved in compliance management, compliance management software can help businesses become more efficient, organized and reduce compliance risks. In this blog post, we'll explore three benefits of using compliance management software, including personalized real-time updates, the ability to manage all compliance types, and integrated document management. Personalized Real-time Updates: compliance management software can provide p...

Navigating Regulatory Updates in February 2023: What You Need to Know Regulatory updates refer to changes or amendments made to laws, regulations, and policies that govern various aspects of businesses. These changes are made to ensure that businesses operate in a manner that is safe, fair, and in line with the best interests of consumers, employees, and society at large. There are several categories of compliance that businesses need to adhere to, including finance and taxation, secretarial, industry-specific, commercial, labour, and environmental health and safety (EHS). In February 2023, several regulatory updates were implemented across various compliance categories. Here are the top changes in each category: FINANCE AND TAXATION: In February 2023, the Finance and Taxation category saw 112 regulatory updates , some of which are highlighted below: The Ministry of Finance (MoF) has rescinded two notifications (No. 13/2021-Customs and No. 34/2022-Customs) regarding the exemption of ...

Why Compliance Management System is needed for a Pharma Company? The regulatory environment in India has become increasingly complex and demanding in recent years, making it more difficult for enterprises to remain compliant. With the implementation of new rules and regulations such as the Companies Act, Goods and Services Tax (GST), and data privacy legislation, businesses must maintain compliance at all levels of their operations. Compliance Management System is a solution that allows firms to easily manage their compliance requirements. Risk assessments, policy management, training and education, and reporting and analysis are common components of the software. What does the compliance management system do? A compliance management system is designed to help businesses stay compliant with various regulations, laws, and rules that apply to them. It automates compliance tracking and management, allowing for efficient tracking and monitoring of compliance requirements. It offers a co...

Structured Digital Database (SDD) and SEBI's Regulations: Ensuring Compliance and Transparency for insider trading regulations. Structured Digital Database (SDD) has been a buzzword in the Indian financial market ever since the Securities and Exchange Board of India (SEBI) introduced it under the SEBI (Prohibition of Insider Trading) Regulations, 2015. SEBI aims to regulate insider trading activities in the Indian stock market, which includes the use of Unpublished Price Sensitive Information (UPSI). In this article, we will discuss what UPSI is, what SDD is, SEBI's regulations regarding Structured Digital Database SDD, and what to expect from a SDD compliance software. What is UPSI? Unpublished Price Sensitive Information (UPSI) is any information that is not available to the public and can significantly affect the price of the securities of a company. It includes financial results, mergers and acquisitions, dividend announcements, major expansion plans, etc. Any person who ...

 Maximizing Compliance Efforts: The Benefits of Using a Board Meeting Management Tool for Secretarial Compliances in India Secretarial compliance in India refers to the compliance requirements set by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). These requirements are mandatory for all registered companies in India to ensure that they are conducting their business operations in accordance with the law and Avasec is the best board meeting management tool for this purpose. The secretarial compliance requirements can be broadly categorized into three areas: Board Meetings, Annual General Meetings (AGM), and Filings. Board Meetings are mandatory for every company to conduct, and compliance requirements related to these meetings include agenda preparation, minutes preparation, attendance recording, and filing of board meeting reports and to handle all these things you can trust on Avasec Board Meeting Management Tool . AGM requirements ...