Abstract
The increasing cases exposing fraud, corruption, and other forms of misconduct are highlighting a need for a person who plays crucial role in promoting transparency, accountability and ethical conduct within corporate organizations by reporting such cases. And such individuals are called as whistleblowers. For sound corporate governance whistle blowers are important and hence those are to be protected. In India, the legal framework governing whistle blower protection are Whistle Blowers Protection Act, 2014, the Companies Act, 2013, and various regulatory mechanisms established by the Securities and Exchange Board of India (SEBI). These frameworks mainly gives protection of whistleblowers and punishment of person disclosing the identity of whistle blower and, hence it does not provide punishment against individuals, who retaliate whistleblowers through acts such as harassment, demotion, transfer, discrimination, or wrongful termination. This paper seeks to critically assess particularly emphasizing on the absence of direct penalties for retaliators under Indian law. And also analyses the limitations of the current legal framework and compares it with international legal frameworks of various jurisdictions such as the United States, the United Kingdom, and the European Union, where stringent anti-retaliation measures and enforcement mechanisms exist. It concludes by recommending legislative and policy reforms for strengthening the whistle blower protection and enhance the effectiveness of corporate governance in India.