Evolution of Company Laws in India

This article explores the historical evolution and significance of Indian Companies Acts from 1850 to 2013 in shaping corporate governance and the securities market in India. It highlights key milestones in the development of company laws, such as limited liability, mandatory audits, financial disclosures and the establishment of regulatory bodies like SEBI. The article also discusses the impact of these acts on corporate governance practices, transparency, accountability, and investor protection. It emphasizes how these legal frameworks have facilitated economic growth and attracted investment, with iconic companies benefiting from the evolving regulatory environment. The Companies Act of 2013, with its modernization efforts, is seen as a turning point in promoting a transparent and investor-friendly corporate environment.