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Bill seeking to ease corporate compliance norms sent to JPC
Mint Chennai
|March 24, 2026
Finance minister Nirmala Sitharaman introduced the Corporate Laws (Amendment) Bill, 2026, in the Lok Sabha on Monday, seeking to ease compliance norms and reduce criminal penalties by amending the Limited Liability Partnership Act, 2008, and the Companies Act, 2013.
The bill was referred to a joint parliamentary committee comprising members from both houses of parliament for further scrutiny and its recommendations after a voice vote on Sitharaman's suggestion.
Opposition members Manish Tewari (Congress), Saugata Roy (Trinamool Congress) and TSumathy (DMK) opposed the bill, alleging that it sought to dilute provisions requiring companies to mandatorily set aside 2% of profit for corporate social responsibility (CSR).
Dit verhaal komt uit de March 24, 2026-editie van Mint Chennai.
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