REGULATORY STRUCTURE, MECHANISM AND PRINCIPLES OF CORPORATE GOVERNANCE IN INDIA
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Abstract
In India, the question of corporate Governance has come up mainly in the wake of economic liberalization and de-regularization of industry and business. Various committees set up by the industry, reports and recommendations made by the Securities and Exchange Board of India and the Ministry of Corporate Affairs covered every subject of importance to corporate governance. In India, the development of corporate laws has been marked by interesting contrasts. In terms of corporate laws and financial system, India emerged far better endowed than most other colonies. The years since liberalization, have witnessed wide-ranging changes in both laws and regulations driving corporate governance as well as general consciousness about it. It is evident from the various legal and regulatory frameworks and Committees set up for the corporate functioning. Such laws, regulatory framework and recommendations of the committees are as follows:
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