Delegated legislative powers expand corporate compliance, filings, appeals, valuations, and regulatory administration under company law reforms. The Corporate Laws Amendment Bill 2026 confers extensive rule-making powers on the Central Government under the Limited Liability Partnership Act, 2008 and the Companies Act, 2013 to prescribe forms, manner, fees, time limits, classes of entities, and related procedural requirements for incorporation, conversion, disclosure, filing, appeals, adjudication, and compliance administration. The Bill also empowers the National Financial Reporting Authority and the Valuation Authority to make regulations on meetings, staffing, filings, qualifications, recognition of valuers, and valuation standards. The memorandum states that these matters are procedural and administrative detail, and that the delegation of legislative power is of a normal character.
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Delegated legislative powers expand corporate compliance, filings, appeals, valuations, and regulatory administration under company law reforms.
The Corporate Laws Amendment Bill 2026 confers extensive rule-making powers on the Central Government under the Limited Liability Partnership Act, 2008 and the Companies Act, 2013 to prescribe forms, manner, fees, time limits, classes of entities, and related procedural requirements for incorporation, conversion, disclosure, filing, appeals, adjudication, and compliance administration. The Bill also empowers the National Financial Reporting Authority and the Valuation Authority to make regulations on meetings, staffing, filings, qualifications, recognition of valuers, and valuation standards. The memorandum states that these matters are procedural and administrative detail, and that the delegation of legislative power is of a normal character.
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