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Government of India announced demonetization with lot of expectations to curb black money but outcome of that was not satisfactory. Later Government realized that some companies were the reason behindweak result of demonetization. Last year Government decided to list out those companies and to take strict actions against those companies. For this Indian Government constituted various committees t
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The Ministry of Corporate Affairs (MCA), in exercise of the powers conferred by section 469 of the Companies Act, 2013, has substituted Rule no.28 of Companies (Incorporation) Rules, 2014, regarding ‘Shifting of registered office within the same State from the jurisdiction of one Registrar of Companies to the jurisdiction of another Registrar of Companies’ vide Notification no. G.S.R 955(E) dated
To protect the interest of stakeholders and to provide security to labour, there are many labour laws in India. Hence many laws are there, Government keeps amending them time after time, consequently Acts and rules have become complex. Not only complexity we even see duplicity in various labour laws. To solve this issue and to make various labour laws simple Government of India has undertaken the
During 19th century, use of petroleum was limited. Since petroleum is dangerous, India needed legislations for regulating petroleum. Finally Indian Petroleum Act, 1899 was passed. With the rapid developments in the use of petroleum that took place in subsequent years it became unsuitable in several ways. As early as 1903, the attention of the Government of India was drawn to the inconvenience ari
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Incorporating a Company, Holding a Board Meeting, Issuing Shares? Take expert opinion on 50+ procedures under Companies Act 2013

For making an ease doing of work the Lexcomply has brought 50+ Procedures of the Companies Act, 2013 (including the enactment and modifications if any) as of now which is also in compliance of the Secretarial Standards issued by the Institute of Company Secretaries A
Most comprehensive coverage of compliance amongst the available compliance solutions in India, we ensure you don’t miss any compliance or legal updates . Know all you need about compliance in a single screen.

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Every listed public company shall have at least one-third of the total number of directors as independent directors and the following classes of companies are required to appoint at least two directors as independent directors (In case, they are required to appoint higher number of independent director due to the composition of its Audit Committee, such higher number of Independent director shall
In accordance with Section 138(1) of the Companies Act, 2013, such class or classes of companies as may be prescribed shall be required to appoint an internal auditor, who shall either be a chartered accountant or a cost accountant, or such other professional as may be decided by the Board to conduct internal audit of the functions and activities of the company.
Auditor shall be appointed in First annual general meeting to hold office till the conclusion of sixth annual general meeting of the Company. [Section 139 (1) and Rule 3(7) of Companies (Audit and Auditors) Rules, 2014]

The following procedure is to be followed for appointment of an auditor at the first Annual General Meeting [Section 139 & 141 and Rule No. 3, 4 and 10 of the Companies (Audit

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