Corporate law reform simplifies compliance, decriminalises procedural defaults, and streamlines mergers, CSR, meetings, and insolvency-linked provisions. The Corporate Laws (Amendment) Bill, 2026 proposes amendments to the Companies Act, 2013 and the Limited Liability Partnership Act, 2008 to promote ease of doing business, ease of compliance and regulatory rationalisation. The Bill seeks to decriminalise procedural defaults, simplify mergers, strike-off and incorporation processes, relax CSR and small company requirements, recognise new corporate arrangements, and introduce clarificatory and drafting changes. It also provides for foreign currency share capital in IFSCs, virtual meetings subject to a physical AGM requirement, special NCLT benches, stronger oversight by the National Financial Reporting Authority, and related insolvency, ownership and compensation clarifications.
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Corporate law reform simplifies compliance, decriminalises procedural defaults, and streamlines mergers, CSR, meetings, and insolvency-linked provisions.
The Corporate Laws (Amendment) Bill, 2026 proposes amendments to the Companies Act, 2013 and the Limited Liability Partnership Act, 2008 to promote ease of doing business, ease of compliance and regulatory rationalisation. The Bill seeks to decriminalise procedural defaults, simplify mergers, strike-off and incorporation processes, relax CSR and small company requirements, recognise new corporate arrangements, and introduce clarificatory and drafting changes. It also provides for foreign currency share capital in IFSCs, virtual meetings subject to a physical AGM requirement, special NCLT benches, stronger oversight by the National Financial Reporting Authority, and related insolvency, ownership and compensation clarifications.
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