Sitharaman introduces Corporate Laws (Amendment) Bill, 2026 in Lok Sabha

Finance Minister Nirmala Sitharaman introduced the Corporate Laws (Amendment) Bill, 2026 in the Lok Sabha, seeking to amend key provisions of the Limited Liability Partnership Act, 2008 and the Companies Act, 2013.

The Corporate Laws (Amendment) Bill, 2026 has now come here after two years of full deliberation. The recommendations of the Company Law Committee (CLC) and its reports have been fully taken on board. CLC had representatives from industry chambers and professional institutes, legal and accounting experts. The report was also placed on the website for public comments, and comments were received and then examined.

Alongside the Corporate Laws (Amendment) Bill, the Finance Minister is also expected to move the Finance Bill, 2026 which provides legal backing for the financial and tax measures announced in the annual budget.


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During the proceedings, Indian National Congress (INC) MP Manish Tewari opposed the introduction of the bill, raising concerns over what he described as "excessive delegation of essential legislative functions."

“The bill suffers from excessive delegation of essential legislative functions in violation of settled constitutional doctrine under Article 245 and 246. Core policy matters such as classification of companies, exemptions, determination of compliance requirements, threshold for corporate social responsibility, audit obligations and penalty frameworks are left to subordinate legislation through repeated use of ‘as may be prescribed’ provisions without adequate legislative guidance,” he said.

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Meanwhile, Prime Minister Narendra Modi will address the Lok Sabha at 2 PM today amid the ongoing budget session of Parliament, outlining key aspects of the ongoing West Asia conflict and India's position on the matter.