Business Ethics and Corporate Governance, Second Edition

BEST PRACTICES

The law governing corporates has been fine-tuned by amending the Companies Act to create the right ambience for the corporate enterprises to function effectively in the era of liberalization. With these amendments, corporates are now in a position to adopt the best practices in corporate governance in vogue elsewhere in the world. The DCA has undertaken an ambitious programme to completely overhaul its services to the corporate sector by undertaking modernization and placing the services on the Internet. This is being undertaken with a view to reducing the time and resources spent by corporates. The offices of the Registrar of Companies (ROC) curb malpractices that arise out of the situation and also tap the immense amount of economic ...