A STUDY ON EVOLUTION OF CORPORATE GOVERNANCE IN INDIA – A LEGAL PERSPECTIVE

AUTHOR – P. GODHAWARI, ASSISTANT PROFESSOR AT VELS SCHOOL OF LAW, CHENNAI. EMAIL ID: godhawariperumal1997@gmail.com

BEST CITATION – P. GODHAWARI, A STUDY ON EVOLUTION OF CORPORATE GOVERNANCE IN INDIA – A LEGAL PERSPECTIVE, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (1) OF 2025, PG. 955-960, APIS – 3920 – 0001 & ISSN – 2583-2344.

ABSTRACT:

                The concept of corporate governance encompasses the rules, regulations, and practices that guide the administration and control of corporations, ensuring transparency, fairness, and accountability in interactions with stakeholders such as shareholders, employees, and regulators. A strong corporate governance framework promotes economic stability, protects shareholder interests, and boosts investor confidence. In India, corporate governance has evolved significantly due to economic reforms, regulatory changes, and global best practices. Initially hindered by government-controlled industries and family-owned businesses, India’s corporate governance system was reformed after the 1991 economic liberalization, necessitating stronger governance mechanisms to enhance transparency and credibility in the newly opened markets. In this article, we are going to know the evolution of corporate governance in India by analysing the Companies Act, 2013, SEBI and other regulatory bodies rules.