Corporate governance constitutes the foundational framework through which companies are directed, managed, and controlled. It ensures that business operations are conducted in a fair, transparent, accountable, and responsible manner, thereby safeguarding the interests of shareholders, employees, creditors, customers, and the public at large. In India, the significance of corporate governance has increased substantially in the aftermath of major corporate scandals such as the Satyam Computer Services fraud, the IL&FS crisis, the Punjab National Bank fraud, and governance concerns involving financial institutions such as Yes Bank. These incidents exposed serious deficiencies in board oversight, auditing practices, disclosure standards, and internal control systems. Corporate fraud poses a significant threat to economic stability, investor confidence, and market integrity. It may take various forms, including financial statement manipulation, bribery, corruption, insider trading, money laundering, and diversion of corporate funds. Effective corporate governance plays a crucial role in preventing such misconduct through mechanisms such as independent directors, audit committees, whistle-blower protections, internal audits, and robust disclosure requirements. This research paper examines the relationship between corporate governance and fraud prevention in Indian companies, with particular reference to the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It analyses how governance failures contribute to fraudulent practices and evaluates the effectiveness of the existing regulatory framework. The study concludes that although India has made substantial progress in strengthening corporate governance, stricter enforcement, ethical leadership, and technology-driven fraud detection systems remain essential for ensuring long-term corporate accountability and sustainable growth.