THE COMPANIES ACT OF 2013 : A STUDY ON CORPORATE GOVERNANCE

Abstract

The word "corporation" comes from the Latin word "corpus," which means "body." Governance entails directing the procedures and frameworks in place to meet the needs of partners. When consolidated Corporate Governance is used, it refers to a set of structures, processes, rules, and practises put in place by a company to ensure that relationships with various partners are maintained in a transparent and legal manner. India's corporate governance system includes a variety of mechanisms that promote governance accountability and the transparency of financial and other data. The Indian government has attempted to make changes to the administrative structure of corporate governance in order to improve the transparency of financial data and to update accounting requirements. The Companies Act of 2013 deserves a mention when it comes to corporate governance authorization. The new Act, which replaces the Companies Act of 1956, aims to improve corporate governance standards, streamline directions, and protect minority investors' interests. The purpose of this article is to examine the arrangement and various changes in corporate governance in India as a result of the Companies Act, 2013.