Reforms Needed In The Digital Era: Scrutinizing The Companies Act, 2013

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Arya Pandey, Navrachana University

ABSTRACT

In today’s world of digitalization, a significant adoption of digital methods has been witnessed in the corporate sector. The advent of digitalization has its own pros and cons; and while a large number focuses on the positives of digitalization, it is also important to understand the negatives, and work on those limitations for a better structure, compliance and error free mechanisms. The Companies Act, 2013 provides provisions for e- governance to streamline corporate governance in India. This paper focuses on critically analysing those provisions, highlighting the fallacies in the act, discussing provisions introduced by other countries to protect from data theft and ensure strict legislation for e-governance, and providing appropriate actions that needs to be taken to strengthen the data filing system and electronic governance in India. This paper aims to gather views on the lack of regulatory framework for e-governance under the act, and the need to bring amendment in the act with the constant rise of tech startups and digitalization of majority of procedures while setting up of a company, to govern and protect them from data theft and held accountable the wrongdoers from getting a free pass due to lack of legislations or variance in jurisdiction.

REFORMS NEEDED IN THE DIGITAL ERA- SCRUTINIZING THE COMPANIES ACT, 2013.pdf

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