Affiliation:
1. Lovely Professional University, India
2. Gopal Narayan Singh University, India
Abstract
The governance of corporate has to be exemplary. Corporate, as a separate legal entity with limited liability in most cases, derives its corpus from varied shareholders and in consequence, it is obligated that the affairs of such a person are to be commanded with upkept trust. But it is alarmingly strange that there are testimonial facts to prove that corporate as a person failed, when the custodian of the trust themselves betrayed it. Yes, it cannot be denied that the fraudulent acts are belligerent and shakes the conscience of one and make the scene susceptible for a thorough proof. It is also understandable that in a duty- fiduciary, if there is done any negative to the interest of anyone in the stake, it is criminal and not acceptable at all! To target such mentalities of the vested, an alarm has been raised in this paper.