<h1>India's Companies Act 2013 Enhances Corporate Governance with New Board Responsibilities and Investor Protections.</h1> The Companies Act, 2013, replacing the 1956 Act, aims to strengthen corporate governance in India, incorporating recommendations from various committees. It includes enhanced responsibilities for boards and committees, such as Audit and Nomination and Remuneration Committees, increased stakeholder disclosures, appointment of Independent Directors, and stricter auditor independence norms. The Act also focuses on greater investor protection. The first year of implementation concluded on March 31, 2015, with statutory filings pending. The Registrar of Companies is responsible for addressing violations. This information was provided by the Minister of Corporate Affairs in a Lok Sabha session.