CHAPTER 3

Rebooting Corporate Governance in India: Understanding the Journey through Institutional and Regulatory Landscape to the Landmark Companies Act 2013

Roopinder Oberoi

Kirori Mal College, University of Delhi, India

Abstract

India experienced its “Enron moment” with the Satyam scandal. Worldwide attention on corporate governance (CG) has been augmented especially in the context of current financial crisis. In India, the exceptional commitment was shown by the parliament toward corporate accountability and governance with the enactment of New Companies Act 2013. In the background of this extraordinary development, the chapter provides a synopsis of the nature of India’s CG and examines the genesis and promises of reform efforts with special ...

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