DECODING SEBI’s GUIDELINES CORPORATE GOVERNANCE IN CHARTING NEW STANDARDS FOR INDIAN COMPANIES

AUTHORS – MAYUR SHRESTHA & RIYA YADAV, STUDENTS AT SCHOOL OF LAW, PRESIDENCY UNIVERSITY, BANGALORE

BEST CITATION – MAYUR SHRESTHA & RIYA YADAV, DECODING SEBI’s GUIDELINES CORPORATE GOVERNANCE IN CHARTING NEW STANDARDS FOR INDIAN COMPANIES, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (4) OF 2024, PG. 955-960, APIS – 3920 – 0001 & ISSN – 2583-2344.

ABSTRACT

The article focuses on corporate governance in the context of large privately held companies in India against a fast-evolving regulatory framework. It also analyses the role played by Securities and Exchange Board of India (SEBI), the most important regulator of securities market and the Indian corporate world in improving the corporate governance standards of India. In the past, company law, accounting standards, and internal auditing within the corporation were used to describe corporate governance in a broad sense. However, as corporate India evolved in the 1990s, Indian corporations had to start implementing corporate governance principles and practices. Since the late 1990s the concept of Corporate Governance as “the policy, process, structure and information used for direction and controlling the management of an entity” began to take shape with the establishment of Securities and Exchange Board of India (SEBI) in 1992. SEBI has made numerous efforts to enhance India’s corporate governance system. To raise the bar for corporate governance, however, a lot of work must be done at the individual business level.

Keywords: Regulators, SEBI, Corporate Governance, Indian Corporate, Compliances.