Decriminalisation, ESG and Digital Governance: Is India Moving Towards a Trust-Based Corporate Regulatory Regime?

Introduction For decades, India’s corporate governance framework has been shaped largely by the provisions of the Companies Act, 2013 [1] , which placed a strong emphasis on procedural compliance backed by criminal sanctions for defaults. This approach aimed to ensure strict adherence to statutory requirements, but over time it also exposed several practical limitations. Many businesses, especially small and medium-sized enterprises, found themselves navigating a complex web of filing...