Corporate Governance
Corporate Governance Policies for Indian Companies
Thirteen corporate governance policy documents for Indian companies, with an applicability table for listed, unlisted public and private companies.
Thirteen corporate governance policy documents for Indian companies, with an applicability table for listed, unlisted public and private companies.
Board-level and company-level policies under the Companies Act, 2013 and, for listed companies, the SEBI listing regulations. Which policies apply depends on the type and size of the company, as the table below shows.
| Policy | Listed company | Unlisted public company | Private company | Basis |
|---|---|---|---|---|
| Related Party Transactions | Required | Conditional | Conditional | Companies Act s.177 and s.188; SEBI listing regulations (Reg. 23) for listed companies |
| Corporate Social Responsibility | Conditional | Conditional | Conditional | Companies Act s.135; applies when prescribed thresholds are met |
| Nomination and Remuneration | Required | Conditional | Good practice | Companies Act s.178; SEBI listing regulations (Reg. 19); prescribed classes of public companies |
| Vigil Mechanism and Whistleblower | Required | Conditional | Conditional | Companies Act s.177(9); applies to prescribed classes |
| Code of Conduct for Directors | Required | Conditional | Good practice | Companies Act s.149(8) and Schedule IV where independent directors are appointed; SEBI listing regulations |
| Board Evaluation | Required | Conditional | Good practice | Companies Act s.134(3)(p); listed and prescribed public companies |
| Risk Management | Required | Conditional | Conditional | Companies Act s.134(3)(n) board report statement; SEBI listing regulations (Reg. 21) for specified listed companies |
| Internal Financial Controls | Required | Conditional | Conditional | Companies Act s.134(5); applicability varies by company type |
| Loans, Investments and Guarantees | Conditional | Conditional | Conditional | Companies Act s.186; applies by transaction type and limits |
| Deposits Acceptance | Conditional | Conditional | Conditional | Companies Act s.73 and s.76; relevant only if the company accepts deposits |
| Fraud Reporting | Conditional | Conditional | Conditional | Companies Act s.143(12); auditor reporting duty, policy supports the process |
| Board Diversity and Succession Planning | Required | Good practice | Good practice | SEBI listing regulations (Reg. 17 and Reg. 19) for listed companies |
| Familiarization Programme | Required | Good practice | Good practice | SEBI listing regulations (Reg. 25) for listed companies |
Indicative summary only. Please confirm for your facts, including size, activity and the current rules.
Documents are provided as editable Word templates with PDF versions, and fillable PDF forms where a form is meant to be completed on screen. They are delivered with your company branding: name, logo, header and footer. They are drafted with reference to applicable Indian laws. Templates should be customized to your facts and circumstances.
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