Corporate Governance in India: Evaluating Shareholders' Control Over Management under the Companies Act, 2013

  • Unique Paper ID: 181659
  • PageNo: 5301-5304
  • Abstract:
  • Corporate governance forms the ethical and regulatory backbone of modern corporations. In the Indian context, the Companies Act, 2013, emerged as a transformative statute aimed at instilling transparency, accountability, and shareholder inclusiveness in corporate management. This research article delves into the extent of shareholders' control over company management, as enshrined in the Companies Act, 2013. Through legal analysis, case studies, and doctrinal evaluation, the paper examines the legal rights of shareholders, their practical enforceability, and the evolving jurisprudence around shareholder protection. Further, it explores the systemic and cultural challenges that undermine shareholder influence, particularly in promoter-driven Indian companies. Finally, the study proposes reforms to reinforce corporate democracy and enable shareholders to function as active custodians of governance.

Copyright & License

Copyright © 2026 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{181659,
        author = {Sowmya .H. A},
        title = {Corporate Governance in India: Evaluating Shareholders' Control Over Management under the Companies Act, 2013},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {1},
        pages = {5301-5304},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=181659},
        abstract = {Corporate governance forms the ethical and regulatory backbone of modern corporations. In the Indian context, the Companies Act, 2013, emerged as a transformative statute aimed at instilling transparency, accountability, and shareholder inclusiveness in corporate management. This research article delves into the extent of shareholders' control over company management, as enshrined in the Companies Act, 2013. Through legal analysis, case studies, and doctrinal evaluation, the paper examines the legal rights of shareholders, their practical enforceability, and the evolving jurisprudence around shareholder protection. Further, it explores the systemic and cultural challenges that undermine shareholder influence, particularly in promoter-driven Indian companies. Finally, the study proposes reforms to reinforce corporate democracy and enable shareholders to function as active custodians of governance.},
        keywords = {Corporate Governance, Shareholder Rights, Companies Act 2013, Board of Directors, Shareholder Activism, Minority Protection, Corporate Democracy},
        month = {June},
        }

Cite This Article

A, S. .. (2025). Corporate Governance in India: Evaluating Shareholders' Control Over Management under the Companies Act, 2013. International Journal of Innovative Research in Technology (IJIRT), 12(1), 5301–5304.

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