Regulatory Compliance

the IT regulatory environment is growing more complex each year. Alchemilla Ventures helps organisations achieve and maintain regulatory compliance, with expert consultants who understand both the letter and spirit of regulations.

The Compliance Challenge

organisations must navigate a multi-layered regulatory landscape — sector-specific regulations (RBI for banking, IRDAI for insurance, SEBI for securities), horizontal laws (DPDP Act for data protection, IT Act for cybersecurity), and state-level requirements ( IT policy, data centre policies). Non-compliance carries steep penalties, reputational damage, and operational restrictions. Our practice translates regulatory complexity into actionable compliance programs.

Our Regulatory Compliance Services

• RBI Compliance for Banking & Fintech: Comprehensive RBI IT framework compliance — covering the Master Direction on IT Governance, Cybersecurity Framework, Outsourcing Guidelines, and Digital Payment Security Controls. We implement:

• Board-approved IT strategy and policies

• Cyber Crisis Management Plan (CCMP)

• ISO 27001-aligned ISMS

• SOC monitoring and incident response as per RBI timelines

• Domain-specific email and data classification

• Annual VAPT, application security testing, and red team exercises

• Regulatory audit preparation and liaison

• For NBFCs and fintech startups, we provide “RBI compliance as a service” — ongoing advisory and implementation support.

• DPDP Act 2023 Compliance: The Digital Personal Data Protection Act transforms data handling obligations. Our services include:

• Data mapping and Records of Processing Activities (ROPA) creation

• Consent notice and mechanism design

• Data Protection Impact Assessments (DPIA) for high-risk processing

• Data fiduciary and processor obligation implementation

• Consent manager integration

• Data breach notification procedure and drill

• Data Protection Officer (DPO) support — we can serve as your outsourced DPO

• For organisations processing data of individuals, we ensure DPDP Act readiness before enforcement begins.

• CERT-In Compliance: the Computer Emergency Response Team mandates:

• Incident reporting within 6 hours of detection

• Log retention for 180 days (for certain entities)

• Synchronised system clocks

• KYC for virtual private server and VPN customers

• Designation of a Point of Contact

• We implement the technical controls and processes for CERT-In compliance, including automated log collection (for 180+ day retention), time synchronisation (NTP to reliable time sources), and incident detection-to-reporting workflows.

• SEBI Cyber Resilience Framework: For stock exchanges, clearing corporations, depositories, stock brokers, mutual funds, and portfolio managers — we implement:

• Cyber security and cyber resilience policies

• SOC operations with SEBI-mandated capabilities

• VAPT and application security testing schedule

• System and network security controls

• Cyber audit and quarterly compliance reporting

• Our team has implemented SEBI compliance for financial market participants.

• IRDAI IT & Cyber Security Guidelines: For insurance companies, intermediaries, and TPAs — we implement:

• Information and cyber security policy

• Data localisation (insurance data)

• BCP/DR with annual drills

• Application security testing before go-live

• Vendor/third-party risk management

• Audit and compliance reporting

• MeitY Cloud Empanelment & Government Compliance: For IT service providers seeking to serve government clients, we assist with:

• MeitY cloud service provider empanelment

• Compliance with government IT security guidelines

• STQC and CERT-In empanelled audit support

• GeM (Government e-Marketplace) registration support

• Our office, being in a major IT hub with proximity to government departments, has extensive experience with government IT compliance.

• Multi-Regulation Compliance Management: Most enterprises face multiple overlapping regulations. We design integrated compliance programs that satisfy multiple frameworks simultaneously — one set of controls, multiple audit reports. This avoids duplication and reduces compliance costs by 30–50%.

Regulatory Compliance Framework Alignment

Regulation	Sector	Key IT Requirements
RBI IT Master Direction	Banking, NBFCs, Payment Operators	ISMS, SOC, CCMP, VAPT, data localisation, board oversight
DPDP Act 2023	All data fiduciaries	Consent, notice, DPIA, breach notification, data rights
CERT-In Directions	All organisations	6-hour breach reporting, log retention, time sync, PoC
SEBI Cyber Resilience	Market infra, brokers, MFs	SOC, VAPT, cyber audit, policy framework
IRDAI IT Guidelines	Insurance sector	Security policy, data localisation, BCP/DR, vendor assessment
IT Act 2000/2008	All entities	Reasonable security practices, intermediary guidelines
MeitY Empanelment	Cloud service providers	Audit, security controls, data residency
** IT Policy**	IT companies in TN	Data centre, employment, incentives compliance

Our Compliance Methodology

1. Regulatory Mapping: Identify all applicable regulations and their specific IT requirements.
2. Gap Assessment: Evaluate current state against regulatory requirements — document review, control testing, stakeholder interviews.
3. Compliance Roadmap: Prioritised remediation plan — critical gaps first, with effort estimates and resource requirements.
4. Implementation: Policy drafting, control implementation, tool deployment, and team training.
5. Validation: Pre-audit testing to confirm controls are effective before regulator or external auditor review.
6. Sustained Compliance: Quarterly health checks, regulatory change monitoring, and continuous improvement.

Don’t wait for a regulatory notice to address compliance. Contact our regulatory compliance team for a scoping discussion.