We want to establish a company in India, but want to know more about corporate governance and ethics in India?
The Companies Act 1956 enforces corporate governance with accountability of companies and their officers. Every company has to maintain documents starting from Memorandum and articles of associations, copy of instruments creating charges, debentures, notice, advertisement or other official publication mentioning the amount of the paid up and subscribed capital. Till the company is dissolved, it must retain registers of- • Members, debenture holders, directors, managing director, manager and secretary containing all particulars • Annual returns, accounts containing balance sheet, profit and loss account, book debts • Board’s report containing the state of the company’s affairs, the amounts which it proposes to carry to any reserves in such balance, the material changes and commitments affecting the financial position of the company which have occurred between the end of the financial year of the company to which the balance sheet relates and the date of the report and the conservation o
