Daijiworld Media Network - New Delhi

New Delhi, Mar 23: The Corporate Laws (Amendment) Bill, 2026 has been referred to a Joint Parliamentary Committee (JPC) for detailed scrutiny after its introduction in the Lok Sabha on Monday.

Introducing the Bill, Union Finance Minister Nirmala Sitharaman proposed that it be sent to the JPC for further analysis. The House approved the proposal.

The Bill seeks to amend the Limited Liability Partnership Act, 2008 and the Companies Act, 2013 to streamline corporate regulations.

Earlier, Opposition members, including Manish Tewari, Sougata Ray and Dr T Sumathy, opposed the introduction of the Bill, alleging that it could dilute provisions related to Corporate Social Responsibility (CSR).

Responding to the concerns, Sitharaman said the proposed amendments would help attract more investments and strengthen corporate governance. She added that the legislation was brought after two years of extensive deliberations, with inputs from industry chambers, professional institutes, legal and accounting experts, and the public.