Source: ET
Context:
In a significant legislative move during the Budget Session 2026, Union Finance Minister Nirmala Sitharaman is set to introduce the Corporate Laws (Amendment) Bill, 2026 in the Lok Sabha, alongside the consideration and passage of the Finance Bill, 2026. These measures are central to advancing India’s economic reforms, regulatory simplification, and fiscal governance.
Corporate Laws (Amendment) Bill, 2026
The proposed bill seeks to amend:
- Companies Act, 2013
- Limited Liability Partnership Act, 2008
Key Reform Focus
- Decriminalisation of Minor Offences
- Shifting procedural lapses from criminal liability to civil penalties
- Ease of Doing Business
- Reducing compliance burden for startups, MSMEs, and producer companies
- Regulatory Simplification
- Streamlining corporate governance and reporting norms
Finance Bill, 2026
The Finance Bill, 2026 is listed for consideration and passing in the Lok Sabha.
Core Purpose
- To implement the Union Budget 2026–27 proposals
- Provide legal backing for:
- Taxation changes
- Revenue mobilisation
- Fiscal policy measures
Other Key Legislative Business
In the Rajya Sabha, Union Home Minister Amit Shah is scheduled to introduce the Central Armed Police Forces (General Administration) Bill, 2026, aimed at:
- Standardising recruitment rules
- Regulating service conditions of officers
- Improving administrative efficiency of CAPFs
Additionally, the Appropriation (No. 2) Bill, 2026—already passed by Lok Sabha—will be taken up for consideration, authorising expenditure from the Consolidated Fund of India.
