**5.5 India**

The culmination of various expert reports submitted to the Government, interventions of the Ministry of Corporate Affairs, Government of India, and the capital market regulator known as the Securities and Exchange Board of India (SEBI) have been bundled together as the Code of Corporate Governance. The Companies Act, 2013 has raised the bar for the boards in India. It talked about various compliances that companies must follow, taking into the global environment. The Companies Act, 12 2013 has raised the bar for the boards in India [20]. The act tried to benchmark with global best governance practices. The act highlighted women directors strike gender diversity on boards, enhanced disclosure norms, performance evaluation methods, mandating corporate social responsibility, introducing class actions suits, internal financial controls, and risk management mechanisms, addressing shareholders grievances, etc. The act also elucidated Independent Directors' role and responsibilities, protecting minority shareholders' interest, shareholder activism, and insolvency regulation. The latest committee is SEBI's Kotak Committee Report, 2017. The earlier committees are Companies Act, 2013, JJ Irani Committee Report, 2003, SEBI's Kumar Mangalam Birla Committee, 2000, CII code, 1998, etc.
