<h1>India Tightens Corporate Governance: Jail for Directors Misusing Funds, Disqualification for Non-Filing Shell Companies.</h1> The Indian government has implemented stricter corporate governance norms to combat black money and enhance business transparency. Directors or signatories of struck-off companies attempting to siphon funds face imprisonment of six months to ten years, with harsher penalties for public interest frauds. Directors of shell companies failing to file returns for over three years are disqualified from holding directorships. Efforts are underway to identify and penalize individuals behind these shell companies, including professionals like accountants involved in illegal activities. The initiative aims to improve investor confidence and the country's global business reputation by ensuring financial transparency and reducing fraud.