Corporate Law Reforms to Strengthen Governance and Ease of Doing Business
The Joint Parliamentary Committee examining the Corporate Laws (Amendment) Bill, 2026 received briefings from officials of the Ministry of Finance and the National Financial Reporting Authority (NFRA) on the proposed reforms to the Companies Act and the Limited Liability Partnership (LLP) Act. The Bill seeks to strengthen the ease of doing business by decriminalising minor procedural defaults, rationalising penalties, and streamlining regulatory processes. It also aims to modernise India’s corporate governance framework by reducing unnecessary litigation, improving compliance mechanisms, and fostering a more facilitative regulatory environment for companies and LLPs. The proposed reforms reflect the government's broader objective of balancing robust corporate oversight with a business-friendly regulatory regime.
