Sitharaman To Table Finance and Corporate Laws Amendment Bills
Union Finance Minister Nirmala Sitharaman will introduce two critical bills—the Finance Bill for the annual budget—and a new draft of the Companies Act in Lok Sabha as Parliament's second session begins today. The corporate laws amendment bill seeks to modernize regulatory frameworks and address contemporary business challenges, marking another significant legislative update under her tenure since 2019. With both pieces scheduled presentation on March 23rd at noon IST (GMT+5:30), the move signals a focused push for economic reform during this budget window.
Key Points
-
1The Finance Minister, Nirmala Sitharaman, has introduced the Corporate Laws (Amendment) Bill in 2026.
-
2The proposed legislation seeks amendments specifically targeting two existing laws: The Limited Liability Partnership Act of 2008 and The Companies Act of 2013.
-
3This introduction marks a key event as Parliament resumes its second phase Budget Session on March 24, with proceedings scheduled to begin at the specified time.
-
4The bill is being tabled in both Houses during this legislative session.
Developments
Finance Minister Nirmala Sitharaman will table two bills in Lok Sabha today: Finance Bill, 2026 to implement economic proposals for FY 2026-27. The second bill is the Corporate Laws (Amendment) Act intended to rationalize penalties and streamline regulations under both Limited Liability Partnership Acts of Companies by shifting minor procedural lapses from criminal liability to monetary fines while promoting ease of doing business
On March 23, Union Finance Minister Nirmala Sitharaman plans to introduce amendments affecting corporate laws and Limited Liability Partnerships during a resumed Budget Session. Additionally, several ministers are scheduled to lay papers in the House while MoS Harsh Malhotra addresses previous grant committee recommendations; Parliament will reconvene on Monday following holidays for Ugadi and Eid celebrations with compensation sessions set for March 28–29.
The Parliament Budget session's second leg will resume today with Nirmala Sitharaman introducing amendments and moving the 2026-27 budget bill before several other ministers lay papers on various subjects. Additionally, specific committee reports covering women's cyber safety housing implementation for MSMEs credit flows insurance regulation grants demands are scheduled to be presented by MPs from different parties including BJP TDP YSRCP