Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday introduced the Corporate Laws (Amendment) Bill, 2026, which seeks to amend the Limited Liability Partnership Act, 2008 and the Companies Act, 2013, in the Lok Sabha. The Bill has been referred to a 31-member Joint Committee of Parliament for a detailed analysis. The committee, comprising 21 Lok Sabha Members to be chosen by Lok Sabha Speaker Om Birla and 10 Rajya Sabha Members to be selected by Chairperson and Vice-President C P Radhakrishnan, will submit its report on the last day of the first week of the Monsoon Session. The Amendment Bill, which aims to streamline the regulatory processes for companies, decriminalise minor offences by shifting from criminal penalties to monetary fines in order to reduce the compliance burden on businesses, was referred to the the House panel amid questions from the Opposition MPs in the Lok Sabha. The Bill also proposes to tweak norms for convening hybrid annual or extraordinary general meetings, unpaid dividends, investor protection framework, along with the introduction of a framework for …

Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday introduced the Corporate Laws (Amendment) Bill, 2026, which seeks to amend the Limited Liability Partnership Act, 2008 and the Companies Act, 2013, in the Lok Sabha. The Bill has been referred to a 31-member Joint Committee of Parliament for a detailed analysis. The committee, comprising 21 Lok Sabha Members to be chosen by Lok Sabha Speaker Om Birla and 10 Rajya Sabha Members to be selected by Chairperson and Vice-President C P Radhakrishnan, will submit its report on the last day of the first week of the Monsoon Session. The Amendment Bill, which aims to streamline the regulatory processes for companies, decriminalise minor offences by shifting from criminal penalties to monetary fines in order to reduce the compliance burden on businesses, was referred to the the House panel amid questions from the Opposition MPs in the Lok Sabha. The Bill also proposes to tweak norms for convening hybrid annual or extraordinary general meetings, unpaid dividends, investor protection framework, along with the introduction of a framework for …