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        Corp. Laws, SEBI & IBC

        Compliance with the Requirements of Corporate Governance

        December 18, 2012

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        Press Information Bureau

        Government of India

        Ministry of Corporate Affairs

        17-December-2012 18:25 IST

        Compliance with the requirements of Corporate Governance as laid down in the Companies Act is looked into by the Registrars of Companies and suitable action is initiated wherever there is failure to comply with the law. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that the Government has not brought out any Legal Compliance Manual; however, the Indian Institute of Corporate Affairs, as part of its MOU with an agency, had facilitated the release of a ready reckoner for acquainting stakeholders with various laws including Companies Act, 1956.

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        KKP

        Corporate governance compliance under Companies Act: registrars of companies oversee adherence and initiate action for failures to comply. Registrars of Companies monitor and enforce Companies Act compliance by reviewing corporate governance adherence and initiating action for failures; the Government has not issued a Legal Compliance Manual, but the Indian Institute of Corporate Affairs facilitated a ready reckoner to guide stakeholders on applicable laws including the Companies Act.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Corporate governance compliance under Companies Act: registrars of companies oversee adherence and initiate action for failures to comply.

                                Registrars of Companies monitor and enforce Companies Act compliance by reviewing corporate governance adherence and initiating action for failures; the Government has not issued a Legal Compliance Manual, but the Indian Institute of Corporate Affairs facilitated a ready reckoner to guide stakeholders on applicable laws including the Companies Act.


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