Across borders people are trying to implicate innovative governance modules to tackle, regulate and avert global financial crisis. .
The Act in a coherent form intends to deal with relevant aspects such as investor protection, inclusive agenda, fraud mitigation, internal control, director responsibility and efficient restructuring. The Act is also quite outward looking and in several areas attempts to merge with international requirements. Indian companies will have to closely examine these developments to develop a clear strategy at ensuring compliance per the new requirements. .
Literature Review .
Dasarju & Murthy, 2011 feel that the code of corporate governance in India is on par with the worlds' best governance codes. Therefore it is advisable to restructure and redesign the corporate governance codes to meet the global changes to gain investor confidence. IFAC 2012, to promote the development of emerging economies a globally consistent effective and integrated governance, risk management, and internal control arrangements for organizations is required.
Saumya Jain and Narander Kumar Nigam (2014) studied "Companies Act, 2013 – A New Wave in Corporate Governance" & found that The Act makes sweeping changes in the corporate governance system of the country and indicates the intention of the government to move from control and command regime to placing the onus on those entrusted with the governance of the company. Many provisions pertaining to independence of directors, auditors, strict disclosure norms and protection of investors will have wide implications and bring in greater transparency and accountability in the working of the company and at the same time, minimize the incidents of corporate frauds.
Geetika Vijay (2014) studied "Corporate Governance under the Companies Act 2013 and found that the term Independent Directors was introduced for the first time and has been incorporated in the Act.
Land Reforms and Its Effects Introduction Land reforms include regulation of ownership, operation, leasing, sales & inheritance of land. In an agrarian economy like India where there is both scarcity and an unequal distribution of land, coupled with a large mass of rural population reeling with abje...
