Guide
Governance Policies for Listed and Unlisted Companies in India
An overview of which corporate governance policies apply to listed, unlisted public and private companies in India under the Companies Act, 2013.
An overview of which corporate governance policies apply to listed, unlisted public and private companies in India under the Companies Act, 2013.
Corporate governance policies are not uniform across companies. What applies depends on whether the company is listed, an unlisted public company or a private company.
Listed companies are subject to the Companies Act, 2013 and the SEBI listing regulations. Examples include an audit committee (section 177), a nomination and remuneration committee (section 178), a vigil mechanism (section 177(9)), and a policy on materiality of related party transactions under the listing regulations.
Many obligations extend to prescribed classes of unlisted public companies, which depend on thresholds such as paid-up capital, turnover or borrowings. Whether a class applies has to be checked against the current rules.
Private companies are subject to fewer requirements, but several provisions, for example those on related party transactions, loans and investments, and deposits, can apply by transaction type. Many private companies adopt policies voluntarily when they expect investment or diligence.
The applicability table on the Corporate Governance page gives an indicative view across the thirteen policies. Please confirm for your facts.
This page is a general summary for information. Provisions and thresholds change; please confirm for your facts.
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