{"id":70081,"date":"2026-03-25T18:53:29","date_gmt":"2026-03-25T13:23:29","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=70081"},"modified":"2026-03-25T18:55:23","modified_gmt":"2026-03-25T13:25:23","slug":"corporate-laws-amendment-jpc","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/25-03-2026\/corporate-laws-amendment-jpc","title":{"rendered":"Lok Sabha refers Corporate Laws (Amendment) Bill to Joint Parliamentary Committee"},"content":{"rendered":"\n<p><strong>Syllabus: GS2\/ Governance; GS3\/ Economy&nbsp;<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Context<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Corporate Laws (Amendment) Bill, 2026 has been introduced in the Lok Sabha and referred to a Joint Parliamentary Committee (JPC) for detailed examination.\n<ul class=\"wp-block-list\">\n<li>The Bill seeks to amend the <strong>Companies Act, 2013<\/strong> and the <strong>Limited Liability Partnership Act, 2008<\/strong> to promote ease of doing business and improve corporate governance.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Provisions of the Bill<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Decriminalisation of Corporate Offences:<\/strong> The Bill proposes to shift several minor procedural violations from criminal liability to monetary penalties. This aims to reduce litigation burden and improve the business environment.<\/li>\n\n\n\n<li><strong>Rationalisation of Penalties:<\/strong> Penalties are proposed to be made proportionate to the nature and severity of the default.<\/li>\n\n\n\n<li><strong>Streamlining Regulatory Processes: <\/strong>The Bill seeks to simplify procedures under corporate laws. It aims to improve efficiency, reduce delays, and enhance investor confidence.<\/li>\n\n\n\n<li><strong>The changes are based on recommendations<\/strong> of the Company Law Committee (CLC) 2022 report. The process included consultations with industry bodies, legal experts, and stakeholders.<\/li>\n\n\n\n<li><strong>Changes Related to CSR Provisions:<\/strong> The Bill proposes modification in the calculation of net profits for Corporate Social Responsibility (CSR). It does not remove the mandatory 2% CSR spending requirement under the Companies Act, 2013.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-group has-background\" style=\"background-color:#fff2cc\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h3 class=\"wp-block-heading\"><strong>What is a Joint Parliamentary Committee (JPC)?<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A Joint Parliamentary Committee is an <strong>ad hoc committee <\/strong>constituted by Parliament to <strong>examine a specific Bill or issue in detail.<\/strong><\/li>\n\n\n\n<li>It includes members from <strong>both the Lok Sabha and the Rajya Sabha<\/strong>, ensuring wider political representation.<\/li>\n\n\n\n<li>It is <strong>constituted through a motion <\/strong>adopted by one House and agreed to by the other.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.newsonair.gov.in\/fm-nirmala-sitharaman-to-introduce-corporate-laws-amendment-bill-2026-in-the-lok-sabha-today\/#:~:text=The%20Corporate%2\" target=\"_blank\" rel=\"noopener\"><strong>AIR<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong> Context <\/strong><\/p>\n<li class=\"ms-5\"> The Corporate Laws (Amendment) Bill, 2026 has been introduced in the Lok Sabha and referred to a Joint Parliamentary Committee (JPC) for detailed examination. <\/li>\n<p><\/p>\n<p><strong> Key Provisions of the Bill <\/strong><\/p>\n<li class=\"ms-5\"> Decriminalisation of Corporate Offences: The Bill proposes to shift several minor procedural violations from criminal liability to monetary penalties. This aims to reduce litigation burden and improve the business environment. <\/li>\n<li class=\"ms-5\"> Rationalisation of Penalties: Penalties are proposed to be made proportionate to the nature and severity of the default. <\/li>\n<p><a href=\" https:\/\/www.nextias.com\/ca\/current-affairs\/25-03-2026\/corporate-laws-amendment-jpc \" class=\"btn btn-primary btn-sm float-end\">Read More<\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-70081","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/70081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=70081"}],"version-history":[{"count":2,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/70081\/revisions"}],"predecessor-version":[{"id":70084,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/70081\/revisions\/70084"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=70081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=70081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=70081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}