Volume : IV, Issue : IV, April - 2014

Corporate Governance under the Companies Act 2013: a more Responsive System of Governance

Geetika Vijay

Abstract :

This paper is a legislative comment and analysis of the role of corporate governance under the Companies Act 2013. Today companies are expanding globally and hence company’s responsibilities and duties towards itself and its stakeholders has increased and so has the need for a good governance mechanism. With an effective internal management the companies can ensure fair practises, shareholders trust and stakeholders stability. The Companies Act 2013 is considered to be phenomena as it has introduced important and ignored aspects of corporate governance in a practical as well as stringent manner. Be it the role and accountability of directors or the establishment of internal as well as external committees, the legislation has explored in detail each and every component of corporate governance. The 2013 Act has also introduced certain provisions to facilitate adequate governance. This paper seeks to discuss these provisions and its implications on companies and its members

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

GEETIKA VIJAY Corporate Governance under the Companies Act 2013: a more Responsive System of Governance Indian Journal of Applied Research, Vol.IV, Issue. IV

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