Enron Scandal's Legal Legacy

The Enron scandal set a global precedent, exposing corporate fraud and necessitating stricter governance

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Indian law adopted measures like the Companies Act 2013, strengthening corporate compliance frameworks

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The role of auditors came under scrutiny, leading to reforms under the Chartered Accountants Act in India

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Indian courts emphasize corporate director accountability under Section 166 of the Companies Act

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SEBI’s increased surveillance reflects lessons from cases like Enron to curb insider trading and financial fraud

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Enron's collapse influenced Indian corporate ethics, leading to mandatory CSR under Section 135 of the Companies Act

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Whistleblower policies gained momentum post-Enron, as seen in India’s Whistle Blowers Protection Act, 2014

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Fraudulent practices by directors fall under Section 447 of the Companies Act, attracting severe penalties

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Indian laws promote transparent financial reporting to prevent misrepresentation, similar to post-Enron reforms

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Global influence of Enron prompted India’s adoption of corporate governance standards like Clause 49 of SEBI guidelines

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Cases like Satyam mirrored Enron’s lessons, shaping India's approach to corporate fraud prevention and governance

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