Why Legal Compliance Management System is required?

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• it is imperative for the organizations to develop a Robust Legal Compliance System which will achieve excellence in Corporate Governance and inculcate healthy compliance culture within the organisation.

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Presentation Transcript

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Why Legal Compliance Management System is required? http://www.lexcareglobal.com/

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The recently enacted Companies Act, 2013 is a landmark piece of legislation and likely to have far reaching consequences on all companies incorporated in India. The New Act substantively raises the bar on governance and thrusts greater responsibility and obligation on the Board of Directors and Management in Indian companies. http://www.lexcareglobal.com/

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it is imperative for the organizations to develop a Robust Legal Compliance System which will achieve excellence in Corporate Governance and inculcate healthy compliance culture within the organisation. http://www.lexcareglobal.com/

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Directors needs to ensure that they had devised proper systems to ensure compliance with the provisions of all applicable laws and that such system were adequate and operating effectively”. http://www.lexcareglobal.com/

This means Legal Compliance Program or System in Indian context needs have following elements::

This means Legal Compliance Program or System in Indian context needs have following elements: Devising the Proper System: The term devising the proper system will include fundamentals of designing, development and implementation of Proper system which would ensure on-going monitoring of Legal Compliance is in place and would acts as defence against any prosecution. http://www.lexcareglobal.com/

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Therefore, it has become imperative for the organizations to develop a robust Legal Compliance System which will meet the statutory requirements and also achieve excellence in Corporate Governance and inculcate healthy compliance culture within the organisation. http://www.lexcareglobal.com/

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In order to design an IT enabled Legal Compliance System that can achieve the outcome it is important that measures are put in place to ensure that everyone inside the organisation knows what they should be doing. http://www.lexcareglobal.com/

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They have also developed robust IT enabled legal Compliance System/Solution in India which will meet requirement of any size of company. Their Legal Update team captures changes in laws on daily basis and provide detailed analysis of legal updates and patches to update system on weekly basis. http://www.lexcareglobal.com/

Contact Us:

Contact Us The Capital, 202, B Wing, Baner-Pashan Link Road, Next to Rolling Hill, Baner Pune - 411045 contactus@lexcareglobal.com +91 20 69400480 www.lexcareglobal.com Website : http://www.lexcareglobal.com

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