US EditionFM to Introduce Corporate Law Reforms Bill Aimed at Easing Business Compliance in Lok Sabha on Monday
The bill aims to amend key corporate laws to ease compliance and boost digitization; Speaker Om Birla referred it to a Joint Parliamentary Committee after objections.
- On March 23, 2026, Union Finance Minister Nirmala Sitharaman introduced the Corporate Laws Bill, 2026 in the Lok Sabha and will move the Finance Bill, 2026 for passage during the Budget Session.
- The Union Cabinet cleared the draft on March 10, 2026, and the Bill draws on the Company Law Committee's 2022 report to overhaul the corporate regulatory framework and ease compliance.
- Officials said the changes would reclassify certain offences from criminal to civil, rationalise penalties, revise Corporate Social Responsibility provisions, and expand online filing to ease compliance for smaller firms.
- After objections, Om Birla accepted a proposal to send the bill to a Joint Parliamentary Committee, citing opposition concerns over excessive delegation under Articles 245 and 246.
- Parliamentary debate remains contested as MPs raise other bills and public hearings, including Shashi Tharoor's letter to Home Minister Amit Shah on CAPF concerns and opposition to transgender law amendments on March 22, 2026.
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Sitharaman to move Finance Bill 2026 and Corporate Laws Amendment Bill in Lok Sabha today
Parliament's Budget session resumes today. Finance Minister Nirmala Sitharaman will introduce the Corporate Laws (Amendment) Bill, 2026. She will also move for consideration of the Finance Bill, 2026. Several ministers will lay papers on the table. Reports on women's empowerment and urban affairs will be presented. The session continues until April 2.
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