International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 8, Issue 2 (March-April 2026) Submit your research before last 3 days of April to publish your research paper in the issue of March-April.

Shareholder Activism as a Tool of Corporate Governance in India: A Study under the Companies Act, 2013

Author(s) Ms. Priya Tyagi, Ms. Sheetal Sharma, Ms. S Annu, Mr. Saurav Kumar
Country India
Abstract Corporate governance in India has witnessed a paradigm shift with the enactment of the Companies Act, 2013, which has significantly strengthened the legal framework for shareholder activism. This research paper examines shareholder activism as a tool of corporate governance in India, analyzing the statutory provisions, mechanisms, and judicial interpretations that empower shareholders to influence corporate decision-making. The study explores various instruments of shareholder activism including electronic voting, class action suits, proxy advisory firms, appointment of independent directors, and special protections for minority shareholders. Through an analysis of recent case law and regulatory developments, this paper demonstrates that shareholder activism has emerged as a crucial mechanism for ensuring transparency, accountability, and ethical conduct in Indian companies. However, challenges remain in the form of procedural complexities, limited awareness among retail investors, and the need for stronger enforcement mechanisms. The paper concludes with recommendations for enhancing the effectiveness of shareholder activism in India's evolving corporate landscape.
Keywords Shareholder activism, Corporate governance, Companies Act 2013, Minority shareholders, Class action suits, Proxy advisory firms, Independent directors
Field Sociology > Administration / Law / Management
Published In Volume 8, Issue 1, January-February 2026
Published On 2026-02-18
DOI https://doi.org/10.36948/ijfmr.2026.v08i01.69144

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