Why Legal Compliance Management System is required?

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• Why Legal Compliance Management System is
  required?

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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.

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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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• 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.

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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.

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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.

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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.

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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.

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Contact Us

• The Capital, 202, B Wing, Baner-Pashan Link Road,
  Next to Rolling Hill, BanerPune - 411045
• contactus_at_lexcareglobal.com
• 91 20 69400480
• www.lexcareglobal.com
• Website http//www.lexcareglobal.com

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