The Corporate Laws (Amendment) Bill, 2026 has been referred to the Joint Parliamentary Committee (JPC) for further scrutiny. After introducing the Bill in the Lok Sabha today, Union Finance Minister Nirmala Sitharaman proposed to send the Bill to the JPC for detailed analysis.
The House gave its nod to refer the bill to the Joint Committee. The bill aims to amend the Limited Liability Partnership Act, 2008 and the Companies Act, 2013.
Earlier, before its introduction, the opposition members, including Congress MP Manish Tewari, Sougata Ray of TMC and Dr T Sumathy of DMK, opposed the introduction of the bill.
They alleged that the proposed legislation dilutes the provisions of Corporate Social Responsibility. Responding to their concerns, Nirmala Sitharaman said that the proposed amendment will not only attract more investments but also facilitate corporate governance.
She highlighted that this legislation has been brought after two years of full deliberation. Mrs Sitharaman said the opinion of the representatives from industry chambers, professional institutes, legal and accounting experts and the public was taken and examined.
