Good governance is fundamental to reinforce the financial framework and to withstand the any emergency, both inner and outer. Corporate Governance has been picking up energy over the world because of hopeless corporate disappointments, unscrupulous business rehearses and lacking divulgence and so forth. In this paper, an undertaking has been made to expound the Corporate Governance components with regards to the legal system in India. The Indian legal provisions identified with corporate governance is investigated and the point of this paper is to give a review of the legal provisions identified with corporate governance in India and recognized the significant issues and difficulties that should be routed to execute a viable arrangement of corporate governance in India. This study seeks to gain insights into the major regulatory changes impacted corporate governance practices in India.