image

Policy for Corporate Governance in India

On account of increasing importance of businesses to the economics and complexities of operating in an inter-dependent world necessitated this Ministry to constitute a Committee to formulate a Policy document on Corporate Governance under the Chairmanship of Shri Adi Godrej on 07.03.2012.  The Committee has since submitted its report to the Central Government. Giving this information in written reply to a question in the Lok SabhaMinister of Corporate Affairs, Shri Sachin Pilot, said that the Companies Act, 2013 which has received the assent  of the President incorporates certain important provisions with regard to following matters to facilitate Corporate Governance in India:

  1. Faster incorporation / registration of companies through fully electronic MCA-21   Registry provided;
  2. Companies allowed to maintain  records and hold meetings through e- governance mode;
  3. Companies empowered to function in a manner which is ˜self-regulated with disclosures/transparency™ rather than ˜Government/regulatory approval based regime™;
  4. Concepts of ˜One Person Company™ and ˜Small Company™ recognized to allow    new entrepreneurs to take advantage of corporate form of business;
  5. Faster mergers and acquisitions including short form of merger and cross border mergers allowed;
  6. Time bound approvals through National Company Law Tribunal (NCLT);
  7. Summary liquidation process for a class of companies provided.
profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

16 responses to “Policy for Corporate Governance in India”

  1. Orion says:

    I visit each day a few web sites and blogs to read posts, but this
    weblog provides feature based writing.

  2. Raji says:

    Your style is really unique compared to other folks I have read stuff from. Thank you for posting when you have the opportunity, Guess I’ll just book mark this site.

  3. Calandra says:

    Whats up this is somewhat of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML.
    I’m starting a blog soon but have no coding knowledge
    so I wanted to get advice from someone with experience.
    Any help would be greatly appreciated!

  4. Mozell says:

    Thanks for ones marvelous posting! I actually enjoyed reading it, you might be
    a great author.I will be sure to bookmark your blog and
    will come back sometime soon. I want to encourage you to continue
    your great posts, have a nice afternoon!

  5. Harry says:

    Great article.

  6. Edmund says:

    This post is really a pleasant one it assists new internet visitors, who
    are wishing for blogging.

  7. Gail says:

    Nice answers in return of this query with solid arguments and describing everything on the topic of
    that.

  8. Georgia says:

    Why visitors still make use of to read news papers when in this technological
    globe everything is presented on web?

  9. Kai says:

    Saved as a favorite, I like your blog!

  10. Kiara says:

    Outstanding post however , I was wanting to know
    if you could write a litte more on this subject?
    I’d be very grateful if you could elaborate a little bit
    further. Bless you!

  11. Francesco says:

    Thanks for another informative site. The place else could I get
    that type of information written in such a perfect means?
    I have a challenge that I am just now operating on, and I have been on the glance out for such information.

  12. Howard says:

    Howdy just wanted to give you a quick heads
    up. The text in your content seem to be running off the screen in Firefox.
    I’m not sure if this is a format issue or something to do with browser compatibility but
    I thought I’d post to let you know. The design and style look
    great though! Hope you get the issue solved soon. Thanks

  13. Efren says:

    Hey I know this is off topic but I was wondering if you
    knew of any widgets I could add to my blog that automatically tweet my newest twitter updates.
    I’ve been looking for a plug-in like this for quite some time and was
    hoping maybe you would have some experience with something like this.

    Please let me know if you run into anything.
    I truly enjoy reading your blog and I look forward to your new updates.

  14. Tami says:

    Hello! I simply want to offer you a huge thumbs up for the great information you’ve
    got here on this post. I am returning to your blog for more soon.

  15. Winston says:

    I loved as much as you’ll receive carried out
    right here. The sketch is attractive, your authored material stylish.
    nonetheless, you command get got an impatience over that you wish
    be delivering the following. unwell unquestionably come more formerly again since exactly the same nearly very often inside
    case you shield this hike.

  16. Ellis says:

    I quite like reading through a post that can make people think.
    Also, thanks for allowing me to comment!

Leave a Reply

Your email address will not be published. Required fields are marked *

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Recent Articles

Recent Legal updates

Recent Gst Updates