LCLCS, a unique solution offering for Clause 49 compliance for publicly listed companies. Listing Agreement is a mandate for every listed company in India . SEBI has issued guidelines on corporate governance and related amendments to Clause 49 of the listing agreement. This is a regulatory requirement for all listed entities. Clause 49 requires practicing company secretaries of publicly listed companies to submit a compliance report to stock exchanges every quarter, providing details from the composition of board to audit committee and its functioning and disclosures on related party transactions, subsidiaries, remuneration of directors, management, shareholders, etc. SEBI has started pursuing companies which are not 100% Clause 49 compliant.

Organizations are soon realizing that traditional methods of relying on paper and spreadsheet-based processes, to implement their control framework is not the solution that will help them to comply with Clause 49.

LCLCS is a more robust and intelligent process based solution. LCLCS offers -

• Real time visibility of all your corporate compliances
• Auto checks, reminders and escalation mechanisms ensures higher level of compliances
• Periodic events or tasks are generated to specific people and groups in the enterprise, to ensure Clause 49 compliance
• Rich Dashboard which gives real time alerts and notifications
• Captures the requisite evidence for compliance and audit trail/s so that information is accessible at any point on demand
• Escalation mechanism ensure that immediate action is taken if any of the tasks are unassigned or unattended, thus helping in avoiding criminal or financial penalties levied for being non compliant.
• Achieve and manage Clause 49 compliance at significantly lower costs and in a much convenient manner.