E-INITIATIVE IN CORPORATE GOVERNANCE - AN ANALYSIS OF RELEVANT PROVISIONS OF COMPANIES ACT 2013

Corporate governance has emerged as an issue of worldwide importance.  Corporate Governance is about the way corporate entities are governed. The structure, the membership and the process of the governing body are central to corporate governance. It promotes equality, ethics and accountability. Transparency is a way to show and prove the accountability. Present paper examines the initiatives taken by Ministry of Corporate Affairs through incorporating the provisions w.r.t. E-governance of companies in Companies Act 2013. The term electronic corporate governance signifies the application of Information Technology & Modern Communication Tools in the exercising of corporate governance. The 2013 Act heightens the significance of e-governance for an Indian corporate to ensure better corporate governance and harmonize diverse stakeholders’ interests. The article tries to explore the paperless initiatives taken through the act and answer how these new changes are going to support companies to comply with their obligations in a timely and organized manner. If the information is available at a click of the button it will definitely increase accessibility to a company’s information and increase transparency in the management of its affairs while ensuring adequate accountability for default.  In view of the large number of corporate scams and scandals shocking the nation, e-governance tools have to be employed at a large scale to improve corporate governance. Implementation of the e-governance measures will bring forward better corporate governance for companies.