Business Ethics and Corporate Governance, Second Edition

LEGISLATIVE CHANGES

In the present global scenario, India’s corporate sector has not only to compete with business worldwide but also has to achieve levels of management and governance that inspire confidence in investors—both domestic and foreign. The legal and regulatory framework must provide comfort to investors, especially foreign investors.

Keeping this in view, the Department of Company Affairs (DCA) has taken several initiatives in the recent past. These include legislative changes and modernization of services with the help of technology. The DCA, in consultation with experts in the field, as also the stakeholders, has ushered in several changes in the corporate law. The Companies Act, 1956, has been amended thrice since 1999 and some ...