Finance Minister Nirmala Sitharaman will introduce the Corporate Laws (Amendment) Bill, 2026 in the Lok Sabha today, March 23, 2026. The bill seeks to amend provisions of the Limited Liability Partnership Act, 2008 and the Companies Act, 2013 to strengthen corporate governance and streamline compliance.
The Lok Sabha has adopted a motion to refer the bill to a Joint Parliamentary Committee (JPC) for detailed examination. The committee will scrutinize the proposed changes and submit its recommendations before the bill is taken up for passage.
The government has emphasized that the amendments are aimed at improving ease of doing business, enhancing transparency, and aligning corporate laws with evolving business practices and global standards. The reforms are expected to boost investor confidence and safeguard stakeholder interests.
Opposition parties are likely to demand stronger safeguards for small businesses and stricter checks on large corporations during the JPC review. Industry experts will also closely examine the provisions to assess their impact on compliance
