<h1>India Boosts Corporate Fraud Enforcement with Companies Bill 2011: Strengthens Inspections, Accountability, and Investigations for Key Personnel.</h1> The Government of India is enhancing its enforcement mechanisms to tackle corporate frauds, as outlined in the Companies Bill 2011. This bill aims to strengthen provisions for inspection, inquiry, and investigation, ensuring more effective action against companies and officers involved in fraudulent activities. It emphasizes increased accountability for key managerial personnel, board committees, independent directors, and auditors. The definition of 'officer in default' is being updated to reflect current corporate environments. Although fraud is not explicitly defined in the existing Companies Act, various fraud-related offenses are addressed under the Indian Penal Code, with ongoing investigations and prosecutions by the Serious Fraud Investigation Office.