We, at JK Law Firm, look forward to assisting in the efficient, profitable as well as optimum growth of the operations, objectives as well as achievements of the company along with achieving all its corporate goals that lie within the ambit of the laws of the company and the land. We have established ourselves so as to address and deliver legal safety comprising of processes and procedures that keep all kinds of businesses or government/non-government organizations well-versed and empowered in terms of functioning with minimum risks of exposure to any kind of trouble caused out of violation or from weakness existing within the structure of performance of any organization. We aim at providing all kinds of easygoing solutions which examine the structure, contracts, practices, and policies of any company within the domain of the existing laws, jurisprudence as well as an experience of the business.

The services regarding Legal Audit that we extend aim to grant legal support to any operation which is aiming to build overall growth and success in any economy as the quality of any economic structure entirely depends upon the foundation and grassroots strengths of concerning operations.

As a team, we look forward to cutting down all sorts of legal risks which is done by the way of examination of the daily operational risks as well as a detailed study of the legal history of the company. Furthermore, we also conduct a legal audit of the business/organization which helps to locate and systematically remove all kinds of legal liabilities, thereby adding to an effective and extraordinary way to the extreme growth of corporate and the society as a whole.

Our legal audit division entertains a vision of endeavoring and providing legal health and safe environment for all kinds of operations so as to help any corporation achieve success with peace of mind as well as structured competence.

The salutary effects of legal audit:

• A proper legal audit ensures efficient, profitable as well as optimum growth of the objectives, operations, and achievements of the company within the arc of the Company Laws and the Laws of the Land.
• A legal audit helps to minimize all sorts of legal risks as well as legal expenses on the account of avoidable and unnecessary litigations, hence letting a company be free from the fines and penalties imposed by the Government and Courts in terms of the non-compliance of the rules and laws so laid down.
• A proper legal audit helps to remove the disability flaws and clauses existing in the undertakings, legal agreements, covenants, bye-laws, etc. Furthermore, it also helps to ward off damages, claim compensation, and various other risk factors with utmost perfection and accuracy in terms of the documentation.
• A legal audit enables any corporation to update records, registrations, and licenses in conformity with the existing laws of the lands.
• A legal audit suggests ways and means to weed out all kinds of financial commitments to the creditors, tax liabilities, and government with an improved approach as well as meticulous care in terms of its operations.
• A proper legal audit helps to recover all kinds of dues from the customers and borrowers which is done by the way of proper drafting of all the agreements with them, sans the necessity to visit the courts in order to realize the dues.
• In order to offer key solutions for potential employee issues such as unfair labor practices, workers’ claim compensation cases, salaries and fixation in salaries, disputes in terms of wages, overtime payments, etc. legal audit is considered to be very helpful.
• A good legal audit helps to afford enough opportunities for the process of reviewing and overhauling the Trusts, Wills as well as superannuation plans so as to ward off the payment of huge claims and compensation, to safeguard the interest in case of death, divorce, dissolution, cancellation of partnerships, dissolution or winding up of the company.

Process of legal audit:

Any legal audit comprises of the following six steps:

• The first step includes calling for a company delegated representative to answer a questionnaire which provides all kinds of general information, thereby permitting the auditors to personalize the audit to the particular needs of the company, thereby saving energy and time. Thus, an audit requires the construction company being different from any software consultant as it cannot be carried out in a similar manner.
• The second step includes the collection of all the important documents and materials required for the conduct of a legal audit. All the required documents could generally be classified into five different categories, depending on the field of the business:
  1. Corporate issues which comprise of examination of the company charters, registers, bye-laws, bonds and stocks, minute and regulatory body obligations such as permits, licenses, business registrations, etc.
  2. Contractual issues which comprise of examinations of all employment, distributor, partnership, facility and equipment leasing, licensing, purchasing, warranty and sales, and order agreements.
  3. Labor issues which comprise of examination of all the documents which are related to the employment applications, offers, agreements, training, terminations as well as disciplinary measures.
  4. Tax issues which comprise of all the documents that are related to asset structures, debt, and loan.
  5. Governance issues which comprise of all the internal manuals and procedures dictating the operation of the company on a daily basis.
  6. Publicity issues which comprise of all kinds of marketing, press release, sales aids, product literature, promotion and promotional activities, content relating to the website, copyrights, trademarks, etc.
• Next step involves meeting select members of the management and employees so as to understand the real functioning of the company and note all kinds of concerns that each person may like to pay attention to. This step is considered to be very vital and useful for the fifth step
• The fourth step of a legal audit includes reviewing all the important documents and materials which are enumerated in the first step. This is majorly done in order to make sure that all the documents are in consonance with the local laws, regulations, and practices, and any sort of anomaly is highlighted, furthermore suggestions are made in order to fix those irregularities.
• The fifth step in a legal audit includes the submission of the report highlighting the findings of the concerned legal audit. This report might propose all kinds of solutions which are helpful to cure various discrepancies. This step might as well issue warnings if such discrepancies pose any kind of legal threat. The report shall also take into account differences between what is done on the paper and what is the general practice of the business. The concerned report will also access all kinds of legal risks posed by the differences raised so as to further propose solutions and strategies which would be based on the analysis of the risks so assessed.
• The last step of the legal audit shall leave it to the company that decide to follow through and involves implementing all the proposed solutions in order to make sure that the functioning, structure, marketing, agreements as well as promotional programs of the company are in consonance with the laws of the industry and further ensure a well-protected business.

Legal audit options for you:

• Retainership
• One time revamping and assessment
• General assessment
• Project-based consultancy