Corporate Laws (Amendment) Bill, 2026

The Corporate Laws Amendment Bill 2026 was introduced in the Lok Sabha and referred to a 31 member Joint Parliamentary Committee for detailed scrutiny. The bill focuses on easing compliance and decriminalising minor corporate offences.

Corporate Laws (Amendment) Bill 2026:

Dimension	Key Details
Acts Amended	Amends Companies Act 2013 and Limited Liability Partnership Act 2008
Purpose	Provides streamlining of regulatory processes and decriminalisation of minor corporate offences through monetary penalties
Legislative Status	Referred to a 31 member Joint Parliamentary Committee for scrutiny
CSR Threshold	Provides increase in profit threshold for CSR applicability from 5 crore rupees to 10 crore rupees
CSR Requirement	Provides requirement of spending 2 percent of average profit of last three years on CSR activities
CSR Transfer Timeline	Provides extension of time period for transfer of unspent CSR funds to 90 days from 30 days
Small Company Definition	Provides expansion of definition to reduce compliance burden and relax auditor appointment norms
Relaxations for Small Companies	Provides exemption from CSR provisions reduced compliance and reduced additional fees
Meetings Provision	Provides allowance for annual general meetings and extraordinary general meetings through video conferencing or audio visual means
Physical AGM Requirement	Provides requirement of at least one physical annual general meeting in three years
Digital Governance	Provides increased acceptance of hybrid and virtual meetings
Self Declaration	Provides replacement of certain affidavits with self declarations
Trust Conversion	Provides framework for conversion of specified trusts registered under SEBI or IFSC authority into LLPs
Companies Act 2013	Provides framework for corporate governance disclosures accountability and investor protection
LLP Act 2008	Provides legal structure combining partnership flexibility with corporate limited liability and perpetual succession