The Companies Bill, 2012, and corporate governance

By Shweta Diwan, Mulla & Mulla & Craigie Blunt & Caroe
0
1817
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

Since financial liberalization in the 1990s, efforts have been made to introduce corporate governance initiatives by the government of India – through the Ministry of Corporate Affairs and the Securities and Exchange Board of India – and by industry and business associations.

Shweta Diwan
Shweta Diwan

Today, the principles of corporate governance in India encompass voluntary and mandatory requirements. Public listed companies have to comply with corporate governance norms enshrined in clause 49 of the listing agreement while for private companies the regulations are largely voluntary in nature.

Recent financial and corporate scams such as Satyam revealed an urgent need to re-examine and reform the corporate governance regime in India. To this end, the government of India, in tune with international developments and to deal with changing realities, introduced the Companies Bill, 2012, which seeks to impose mandatory corporate governance norms on Indian companies.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

Shweta Diwan is a senior solicitor associate at Mulla & Mulla & Craigie Blunt & Caroe in Mumbai.

Mulla_&_Mulla_new_logo

Mulla House

51, Mahatma Gandhi Road, Flora Fountain

Mumbai 400 001, INDIA

Tel: +91 22 2262 3191 / +91 22 6634 5496

Fax: +91 22 6634 5497

Email: shardul.thacker@mullaandmulla.com

LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link