The document discusses corporate governance in India and regulations by the Securities and Exchange Board of India (SEBI). It provides background on corporate governance and defines it. It outlines how corporate governance norms and practices in India have evolved, especially after economic reforms in the 1990s. It describes SEBI's role in establishing regulations like Clause 49 to strengthen corporate governance at listed companies in India and protect investors. The regulations address requirements around independent directors, board practices, auditing, whistleblowing and disclosures. The conclusion states that as Indian companies compete globally, adhering to strong corporate governance practices is essential.