Corporate Laws (Amendment) Bill, 2026 Tabled in Lok Sabha

The Union Government has introduced the Corporate Laws (Amendment) Bill, 2026, which seeks to amend the Companies Act, 2013, and the LLP Act, 2008.

The Bill proposes decriminalizing minor offences by replacing prison terms with monetary penalties and raising the CSR applicability threshold from a net profit of Rs 5 crore to Rs 10 crore.

The Bill also enables hybrid AGMs and allows the conversion of specified trusts into LLPs to promote ease of doing business.

Following objections from the Opposition regarding excessive delegation of powers to the Centre and regulators like NFRA, the Bill has been referred to a 31-member Joint Parliamentary Committee.