eGavel Audit

Finteglaw has degavel-auditesigned and developed a total e-solution for online management of various Audit programs. Based on the alerts generated the Auditee uploads the audit evidences in to eGa vel Audit and the same will be audited on a real-time basis by the CS LLP associated with Finteglaw.

eGavel Audit ensures that the audit observations on non-compliance with various statutory and regulatory compliances are minimised. Resulting in transparent audit trails in compliance, it gives total comfort to the top management and the Board of Directors. Apart from obviating regulatory risks it also inculcates a culture of corporate governance within the organisation.

The Companies Act, 2013 has adopted a Governance based approach in conducting the affairs of the company. Under Section 134 (5)(e) in the case of a listed company, the Directors Responsibility Statement shall include a declaration from Director that Internal Financial Controls (IFC) to be followed by the company and that such IFCs are adequate and were operating effectively. Section 143 (3) (i) requires the auditor’s report to state whether the company has adequate internal financial control system in place and the operating effectiveness of such controls. According to Section 177 (4) (vii), the Audit Committee shall act in accordance with the terms of reference specified in writing by the Board pertaining to evaluation of IFC. Section 177(5) requires the Audit Committee to call for the comments of the Auditors about the IFC before submission to the Board. Section 149(8) read with Schedule IV of the Companies Act 2013, puts the onus on Independent Directors to ensure that the financial controls and risk management systems are robust and defensible.

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Suresh Viswanathan

A Fellow Member of the Institute of Company Secretaries of India, and a Certificated Associate of the Indian Institute of Banking and Finance, Suresh possesses 3 decades of extensive experience in the Banking and Financial Services sector. A former Investment Banker, he is an expert in multiple legal faculties such as Regulatory Compliance, and Due Diligence. Having been a SEBI Compliance Officer for various market intermediaries for the last 15 years, Suresh is renowned for proactive installation and automation of regulatory compliance mechanisms. A Principal Officer for FIU-Ind, he was instrumental in automated installing AML mechanisms at many market intermediaries. eGavel ERP, eGavel Audit, eGavelBoard, and eGavel SME are proprietary softwares designed and developed by him. Suresh was also an investment banker for 10 years and had handled 100 odd IPOs in various capacities including Lead Manager. Guided by strong ethics and transparency, his advisory on Corporate Governance has been valued by many of his clients and former employers. Suresh appears before various Tribunals including SAT. Suresh is also a Designated Partner of "SVVS & Associates Company Secretaries LLP", engaged in Secretarial Audits, M&A, Appearance before SAT and NCLT, Valuations etc. Compliance Advisor to several capital market inter-mediaries, Suresh also represents clients before various Regulatory Bodies. Apart from having published several research articles on Capital Markets, Regulatory Compliances, Company law etc. Suresh has also authored 2 books, one on Indian Cyber Law and the other on Indian Competition Law. His articles have been published in leading business dailies including Economic Times. He also delivers guest lectures at several public forms. Before entering practice on regulatory compliance and corporate laws, he was heading compliance management at Reliance Money, the financial services arm of Reliance Capital comprising 7 regulated and 4 unregulated companies in the broking, distribution and wealth management space. Prior to this he was the Head - Compliance with Reliance Mutual Fund; Vice President, Company Secretary & Group Head of Reliance Asset Reconstruction Company; and Company Secretary and Head - Compliance of Indusind Bank. The other senior level assignments handled by Suresh include those as Senior Vice President & Company Secretary at Centrum Capital and BOB Capital Markets and also as Company Secretary for Karvy Group of companies.