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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
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
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.
Text of the provision of Section 161(2) of Companies Act, 2013: The Board of Directors of a company may, if so authorized by its articles or by a resolution passed by the company in general meeting, appoint a person, not being a person holding any alternate directorship for any other director in the company, to act as an alternate director for a director during his absence for a period of not les
Director Identification Number (DIN) means an identification number allotted by the Central Government to any individual, intending to be appointed as director or to any existing director of a company, for the purpose of his identification as a director of a company.[Rule 2(d) of Companies (Appointment and Qualification of Directors) Rules, 2014].

The following procedure is to be followed for
LexComply-CompAct2013 is a Premier Compliance Management System to identify, allocate, report monitor and manage the ever dynamic needs of compliances of Companies Act 2013 and the rules made there under.

We understand that compliance is an imperative task for the organizations and hence we have developed a comprehensive one step solution to manage the entire compliance life cycle in a faster,
Section 14(1) of the Companies Act, 2013 lays down that subject to the provisions of this Act and the conditions contained in its memorandum, if any, a company may, by a special resolution, alter its articles including alterations having the effect of conversion of -
(a) A Private Company into a Public Company; or
(b) A public company into a private company.
A Company may alter its Articles in
LexComply.com is pleased to announce launch of Act-Encyclopedia. Free access to all the custodians of compliances.

Ordinarily, a company operating in the Indian regulatory environment needs to comply with Central, State and Local legislations depending on the following:

1. Business of the Company;
2. Operational Process followed to do such business;
3. Locations where such business is be
Lexcomply always take an initiative for creating awareness between the Corporates and Professionals about the importance of the Law Compliances by issuing Articles, Blogs and others. Now, one more step is taken by the Company to move ahead by introducing a new resource tab on Procedures on the Companies Act 2013 for free.

The Companies Act is the first and foremost part for every Company opera
Developing a company offshore is taken into consideration as clever company strategy. Beginning your very own offshore company is consistently considered as an optimal decision considering that it has many points to stand firm against onshore company. Offshore company formation is taken into consideration as one of better business around the globe as it assists in stabilizing the funds or profits
An overseas firm formation could be no various to any other company, the only difference is the territory where it has been established. An overseas firm formation is usually in the form of an International Company Corporation, or else known as an IBC, and obtains big tax benefits. An IBC is a company that can do business anywhere it suches as apart from its residence country.

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