While India’s new Companies Act has
been widely praised for raising corporate governance standards
in India, practitioners still have questions about its capital
The Companies Act, introduced in 2013, raised the
bar for corporate governance in India, increasing liability for directors, introducing
stricter related party transaction norms and the
world’s first legislative corporate-social responsibility requirement.
While it set India apart as a corporate reformer, its
far-reaching changes have also affected the capital
The Act addressed capital markets scandals that have arisen
over the past few years. Most notably it has changed
India’s private placement...