TY - JOUR
T1 - The Development of Company Law in India
T2 - The Case of the Companies Act 1956
AU - Verma, Shraddha
PY - 2009/2
Y1 - 2009/2
N2 - 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 (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.
AB - 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 (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.
UR - http://www.scopus.com/inward/record.url?scp=58149236563&partnerID=8YFLogxK
U2 - 10.1016/j.cpa.2007.07.001
DO - 10.1016/j.cpa.2007.07.001
M3 - Article
SN - 1045-2354
VL - 20
SP - 110
EP - 135
JO - Critical Perspectives on Accounting
JF - Critical Perspectives on Accounting
IS - 1
ER -