For the first time in 1995, the ICN set up a task force headed by Rahul Bajaj. On this basis, cii had published in 1998 a voluntary code entitled “Desirable Corporate Governance”. Stakeholders such as creditors and customers cannot attend meetings, so disclosure is only a means of obtaining information. – Audit of corporate loans and investments, valuation of assets or companies In the wake of the Satyam scandal, SEBI has become increasingly strict with regard to advertising standards and the implementation of clause 49, in order to bring about significant changes in transparency and accountability in the country. . . .