What are the various risks a company may face for non-compliance of law?

Compliances of laws and regulations must be managed as an integral part of any corporate strategy. In case of non-compliance of law, the following risks are likely to be faced: Cessation of business activities; Civil action by the authorities; Punitive action resulting in fines against the company/officials Imprisonment of the errant officials. Public embarrassment & loss of reputation of the company and its employees. Attachment of bank accounts etc. Initiation of action by the regulators like MCA, SEBI, RBI or others authorities, which may jeopardize the very stability of the financial and manufacturing operations