Strengthening Corporate Governance In India: The Role Of SEBI In The Post-Satyam Era

ABSTRACT

This paper examines how corporate governance standards have changed in India. The last ten years have seen rapid changes in corporate governance in India. If this positive trend continues, India will be able to achieve strong corporate governance standards, which are essential for sustaining its impressive development rates. It starts by going over the management structure that was in place before independence and the changes that came about afterwards, the reforms that were started after the 1991 economic changes, recommendations from various committees, clause 49 of the listing agreements, the Satyam scandal, and the changes that were made after the Satyam fiasco. A careful examination of the 2013 Companies Act is also emphasized. The Securities and Exchange Board of India (SEBI) plays a crucial role in enhancing the integrity and transparency of the securities market by setting and maintaining corporate governance standards in India. SEBI was established in 1988 and granted legislative power in 1992. Its primary objectives are to protect investor interest, enhance market confidence, and promote ethical conduct in the financial industry.