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The development of company law in India: The case of the Companies Act 1956

Verma, Shraddha and Gray, Sid J. (2009). The development of company law in India: The case of the Companies Act 1956. Critical Perspectives on Accounting, 20(1) pp. 110–135.

DOI (Digital Object Identifier) Link: https://doi.org/10.1016/j.cpa.2007.07.001
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Abstract

The influence of social and cultural context, including imperial influences, and politics on the promulgation of the Companies Act 1956 in post independence India, focusing in particular on accounting regulations incorporated in the Act, is explored using a framework based on the work of McKinnon [McKinnon JL. The historical development of the operational form of corporate reporting regulation in Japan. New York: Garland; 1986]. Within the framework, the promulgation of the Companies Act 1956 is analysed into three phases: source, diffusion and reaction with all phases being influenced by the social and cultural context of India and political processes. In particular, the importance of the role of the government and the socio-economic and cultural context of India is indicated in both the need for, and in the process of, change to the Companies Act 1956.

Item Type: Journal Item
Copyright Holders: 2007 Elsevier Ltd.
ISSN: 1045-2354
Keywords: culture; politics; accounting change; India; company law
Academic Unit/School: Faculty of Business and Law (FBL) > Business > Department for Accounting and Finance
Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Item ID: 51279
Depositing User: Shraddha Verma
Date Deposited: 09 Oct 2017 10:49
Last Modified: 07 Dec 2018 10:57
URI: http://oro.open.ac.uk/id/eprint/51279
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