‘Every firm is accountable to all its stakeholders, whether customers, suppliers, or the law. So, basically, regulatory stability is important.
‘Every firm is accountable to all its stakeholders, whether customers, suppliers, or the law. So, basically, regulatory stability is important.
SEBI Chairperson Madhabi Puri Buch has unveiled a Federation of Indian Chambers of Commerce and Industry (FICCI) initiative to strengthen compliance with technology-based solutions backed by TeamLease RegTech, a regulatory technology (regtech) solutions company.
As a part of the initiative, FICCI has facilitated the development of a regtech platform with TeamLease Regtech to enable digitization of compliance for its members.
“Essentially, we believe that SEBI exists to support capital formation of the economy. Here trust is the foundation on which the entire capital formation structure is built. In this context, transparency is an important tool,” Ms. Butch said.
“We believe that businesses are free to do what they do, but 100% transparency in what is happening is important,” she said.
“Every firm is accountable to all its stakeholders, whether customers, suppliers or the law. So, basically, regulatory stability is important,” she added.
“Today, the markets are evolving rapidly, and the business landscape is changing rapidly, so our foremost request is to keep the businesses up to date with us,” she emphasized.
PAHAL is a technology solution designed to transform compliance across organizations.
It allows tracking of over 2,000 SEBI compliances and auto-generation of select SEBI disclosures.
Additionally, the platform has other features such as end-to-end board meeting management, compliance document management, and generation of compliance calendars,
Rishi Agarwal, Co-Founder and CEO, TeamLease RegTech, said, “This milestone event aims to re-imagine employer compliance for 21st century India. It is paperless, presence-less and cashless compliance in India. sets the right tone towards.”