International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Intending Better Corporate Governance through the Companies (Accounts) Second Amendment Rules, 2025: A Critical Analysis

Author(s) Dr. Raj Kumar Sah, Dr. Alok Kumar Kumar
Country India
Abstract Corporate governance is related to the direction and control of a company to ensure that the company operates ethically and accounts for its actions. This article basically analyses Companies (Accounts) Second Amendment Act, 2025 in terms of its strong and positive impact about corporate governance for companies under the Companies Act, 2013 arising out of The Companies (Accounts) Second Amendment Rules, 2025 and also the weakness and challenges arising out of the said amendment. The Companies (Accounts) Second Amendment Rules, 2025 have brought about many amendments in the accounting areas, related especially to digital accounting compliance, digital ledger reconciliation statement, enhanced directors’ responsibility statements, more CSR disclosures requirements, MSME disclosures and forms AOC-1 and AOC-2. Under the Companies Act, 2013, this amendment has brought the country at par with the very few countries of the world which mandate digital audit trail reconciliation. The CSR disclosure norms have now become the most transparent globally. However, this amendment also suffers from many challenges arising out of lack of standard formats, auditors’ confusion due to many requirements, technical readiness gap because of many countries using outdated version of Tally, QuickBooks, Busy etc., impact of heavy cost on companies and also the implications of cybersecurity.
Keywords Corporate governance, Amendment, Positive impact, corporate governance, Weakness and Challenges, Digital, CSR, MSME, Audit trail, etc.
Field Business Administration
Published In Volume 7, Issue 6, November-December 2025
Published On 2025-11-19
DOI https://doi.org/10.36948/ijfmr.2025.v07i06.61043
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