Corporate Governance: India

The NFCG has an online library of principles, codes, rules and regulations related to corporate governance. These relate to both the Indian as well as the international context. In addition, the online library will also contain original research papers commissioned by the foundation. The library resources are freely accessible.

  • Companies Act, 2013: Rules, Circulars, Notifications etc.
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  • The Companies Act, 2013
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  • Guiding Principles of Corporate Governance'
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  • National Voluntary Guidelines 2011
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  • Guidelines on Corporate Governance for Central Public Sector Enterprises, 2010
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  • MCA's Corporate Governance Voluntary Guidelines 2009
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  • MCA's Corporate Social Responsibility Voluntary Guidelines 2009
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  • CII's Corporate Governance Recommendations for Voluntary Adoption, Nov. 2009
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  • The Companies Bill, 2009
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  • The Limited Liability Partnership Bill, 2008
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  • The Companies Bill, 2008
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  • Proposed Changes in Clause 49 of Listing Agreement
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  • TheCompanies(Amendment) Bill, 2006:
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  • Code of Conduct for Directors & Senior Mangement:
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  • Dr. J.J. Irani Report on New Company's ACt:
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  • Discussion Paper on Corporate Governance in India: NFCG (2004) :
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  • ROSC Corporate Governance Assessment for India: World Bank (2004) :
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  • Review of companies (Issue of Indian Depository receipts) Rules, 2004:
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  • Dr. J.J. Irani Report on New Company's Act :
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  • Concept Paper on Companies Bill 2004 (Miistry of Corporate Affairs, Govt. of India):
    Following the recommendations of the Company Law Committee known as the Bhaba Committee set up in 1950 the Companies Act, 1956, was enacted with the object to amend and consolidate the law relating to companies and certain other associations by repealing the Companies Act, 1913.Read More >>

  • Concept Paper on Companies Bill 2004 (CII's Views):
    The Companies Act, 1956, has been in force now for nearly five decades. The present Companies Act, 1956, has been amended in the past, for more than 20 times. The proliferation and diversity of amendments aggravated the complexities of the Law and its comprehensive review became inevitable.Read More >>

  • Clause 49 (2004) (SEBI):
    Listed companies in India (with paid-up capital of Rs.3 crore and more) have to comply with the corporate governance related provisions of Clause 49 of the Listing Agreement of Stock Exchanges. Clause 49 has been prepared by the Securities and Exchange Board of India (SEBI)… Read More >>

  • 1st National Conference on Corporate Governance Trends in India 
    18 October 2004, New Delhi
    Ministry of Corporate Affairs (MCA) and the Confederation of Indian Industry (CII) in partnership with the Institute of Company Secretaries of India (ICSI) and the Institute of Chartered Accountants of India (ICAI) has set up the National Foundation for Corporate Governance (NFCG).
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  • Principles of Good Corporate Governance and Best Practice Recommendations March 2003:
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  • ICAS Issues Practical Guidance For Audit Commiters - 20 June 2003:
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  • A white paper from the Economist Intelligence Unit sponsored by KPMG International:
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  • Corporate Governance in New Zealand (Principles and Guidelines) :
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  • Shri Kumar Mangalam Birla Committee on Corporate Governance:
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  • Narayana Murthy Committee Report: Report of the SEBI Committee on Corporate Governance (2003):
    The Committee was constituted by SEBI to review the performance of corporate governance in the country as well as to determine the role of companies in responding to rumour and other price sensitive information circulating in the market in order to enhance the transparency and integrity of the market. The Committee submitted its report to SEBI in February 2003. Read More >>

  • Recommendations of the Naresh Chandra Committee Report on Corporate Audit and Governance (2002): Following the corporate scandals of the US, the Department of Corporate Affairs (DCA), Government of India set up the Naresh Chandra Committee to examine various corporate governance issues. Many recommendations of the report were incorporated in the Companies (Amendment) Bill 2003, which is currently being reviewed…Read below >>
    - Executive Summary
    - Chapter 1: Introduction
    - Chapter 2: Auditor Company Relationship
    - Chapter 3: Auditing the Auditors
    - Chapter 4: Independent Directors
    - Chapter 5: Other Recommendations

  • Kumar Mangalam Birla Committee on Corporate Governance (1999):
    The Committee was set up by SEBI to promote and raise the standards of Corporate Governance. The Committee’s terms of reference included suggesting suitable amendments to the listing agreement executed by the stock exchanges with the companies in order to enhance corporate governance standards of listed companies, drafting a code of corporate best practices; and suggest safeguards to be instituted within the companies to deal with insider information and insider trading. Several of the Committee’s recommendations were incorporated in Clause 49 of the listing agreement of stock exchanges. Read
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  • CII Code on Corporate Governance (1998):
    The Confederation of Indian Industry (CII) published India’s first comprehensive code on corporate governance (Desirable Corporate Governance: A Code) in 1998. This Code was well received by Corporate India and many of its recommendations became part of subsequent regulations. Read More >>

  • Desirable Corporate Governce A Code-1998:
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  • CACG Guidelines Principles for Corporate Governance in the Commonwealth:
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