What Indian law requires.
| Requirement | Applies to |
|---|---|
| At least one resident director | All companies |
| Four board meetings a year, gaps of 120 days or less | Most companies |
| Approval of related party transactions | All companies, with shareholder approval above limits for some |
| Independent directors and audit committee | Listed companies and larger public companies |
| CSR committee and spending | Companies above net worth, turnover or profit limits |
| Vigil mechanism | Listed companies and some others above borrowing limits |
The framework we build.
- Delegation of authorityClear limits for local management, the Indian board and the UK group.
- Related party approvalsA process for transactions with the UK parent and group companies.
- Board pack and calendarRegular, useful reporting to the Indian and UK boards.
- PoliciesCode of conduct, anti-bribery, whistleblowing, conflicts and data.
- Statutory complianceA calendar so legal duties are met. See ROC Compliance Audit.
- Annual reviewA yearly check that the framework still works.
UK group expectations.
UK-listed groups apply the UK Corporate Governance Code, including the board declaration on material controls under Provision 29. UK law on bribery and fraud prevention can reach overseas subsidiaries. A clear Indian governance framework, backed by a risk control matrix, helps the UK board meet those expectations.
How we help.
Current governance
Board, approvals, policies and how decisions really get made.
The framework
Delegation of authority, policies and reporting.
Board approval
Resolutions and filings where needed.
Training and calendar
So people know the rules and deadlines.
Why clients choose us for audits.
Every audit is led and signed by Chartered Accountants in India.
Findings written for UK boards, audit committees and group auditors.
A written engagement letter with scope, timetable and fee.
Independence checks and a second-partner review on every report.
Encrypted document sharing, with site visits where the work needs them.
Clear, prioritised recommendations your team can act on.
Governance support for UK groups with Indian entities.
We carry out audits in India for UK groups, investors and lenders headquartered anywhere in the UK, reporting in a form their UK boards and auditors can use.
London
South East
Midlands
North of England
East and South West
Scotland, Wales, NI
Corporate governance FAQs.
Want clearer control of your Indian entity?
We will review its governance and build a framework that fits your group.
This page is general guidance based on the Companies Act, 2013, Indian tax law and regulator guidelines as they stand. It is not legal or financial advice for your situation. Thresholds and requirements can change, so please speak to us before acting on it.