Business Ethics Violations — Ethical Standards

Entry	Year	Description	Impact
Companies Act 2013	2013	Comprehensive overhaul of corporate law introducing mandatory CSR spending, enhanced disclosure requirements, stricter fraud penalties, independent director qualifications, audit committee strengthening, and related party transaction regulations.	Significantly strengthened corporate governance framework and provided better tools for detecting and preventing business ethics violations, though enforcement challenges remain.
Prevention of Corruption Act Amendment	2018	Expanded definition of corruption to include private sector bribery, introduced plea bargaining provisions, enhanced penalties, and clarified procedures for prosecution of public officials.	Broadened scope of anti-corruption law to cover business-to-business corruption and provided more efficient prosecution mechanisms, improving deterrent effect.