India: Corporate and Company Law

While recent judicial precedents have significantly expanded the scope of shareholder inspection and access rights (particularly in the context of activist shareholders, and oppression and mismanagement actions), the legislative framework for shareholder inspection rights under Indian Company Law remains largely ineffective and inadequate.

Well-functioning audit committees approach whistleblower complaints not as compliance artifacts but governance signals. They deliberately expect complaints to surface uncomfortable truths, not be statistically managed.

Allegations of corporate fraud often carry a rhetorical force that far exceeds the evidence on which they rest. In recent years, Indian company law has witnessed...