New Delhi : The Joint Committee of Parliament examining the Corporate Laws (Amendment) Bill, 2026, has invited comments and suggestions from industry bodies, legal experts, professional associations, organisations, and other stakeholders on the proposed legislation.
The committee, headed by BJP MP Sudheer Gupta, is currently reviewing the Bill, which seeks to introduce significant changes to India’s corporate regulatory framework. The panel has specifically sought feedback on various clauses of the legislation to ensure a comprehensive examination before submitting its report to Parliament.
The Corporate Laws (Amendment) Bill, 2026, was introduced in Parliament in March this year and proposes wide-ranging amendments to the Companies Act, 2013 and the Limited Liability Partnership Act, 2008. The proposed changes are aimed at making the regulatory environment more business-friendly while strengthening governance standards and compliance mechanisms.
According to officials familiar with the legislative process, the Bill seeks to further the government’s objective of improving the ease of doing business in the country. One of its key features is the decriminalisation of certain minor procedural and technical defaults, reducing the compliance burden on companies and limited liability partnerships. The move is expected to encourage entrepreneurship and facilitate smoother business operations, particularly for startups and small enterprises.
The legislation also seeks to modernise India’s corporate governance architecture by introducing measures that align regulatory practices with evolving business realities and global standards. The amendments are expected to streamline administrative processes, enhance transparency, and improve regulatory efficiency.
Industry stakeholders have welcomed the opportunity to provide inputs on the Bill, noting that consultations with businesses, professionals, and experts can help identify practical challenges and ensure effective implementation of the proposed provisions. Legal experts believe the review process offers an opportunity to balance regulatory oversight with the need for a more facilitative business environment.
The Joint Committee’s invitation for public feedback forms part of the parliamentary scrutiny process, which allows stakeholders to contribute to legislative discussions before the Bill is finalised. The committee is expected to examine the suggestions received and deliberate on the proposed amendments before presenting its recommendations to Parliament.
The outcome of the review could shape the next phase of corporate law reforms in India, with implications for companies, LLPs, investors, compliance professionals, and the broader business ecosystem.
