Foreword
India’s rapid economic growth is critically depen-
dent upon good corporate governance. For this a
sound corporate regulatory system is a must. The
Indian Parliament has recently enacted a new Com-
panies Act to strengthen the corporate regulatory
mechanism. However, there is a constant need to
re-engineer the system. Failure to do so will allow
abuse of outdated and out of sync regulations, and
this will induce otherwise law abiding individuals
and companies to indulge in violations of laws, rules
and regulations just in order to stay competitive.
A close study of corporate fraud and their
modus operandi will denitely be a window to
the functions of the regulatory system. Corpo-
rate Governance and Fraud Risk Management in India ...