REIMAGINATION OF CORPORATE LAWS UNDER THE CORPORATE LAWS (AMENDMENT) BILL, 2026

On March 23, 2026, the Union Government introduced the Corporate Laws (Amendment) Bill, 2026 in Lok Sabha, with the claim of it containing the largest omnibus amendment to Indian corporate laws since the year 2020. The Bill seeks to amend more than a hundred sections of the Companies Act, 2013 and the Limited Liability Partnership Act, 2008 , and was immediately sent to a Joint Parliamentary Committee. The stated goal of the government is to reduce compliance with Indian corporate law, de-criminalise a number of defaults, relax standards and liberalise the rules for dealing with entities that use India’s International Financial Services Centres . This article summarises the most important proposed changes that would come with the new law, and compares them to ongoing legislative changes in the UK, Singapore, the US, and other major financial hubs around the world. Since the fate of the Bill still remains pending before the Joint Parliamentary Committee and the President of India, this article treats it as a possible upcoming change for corporate law in India, rather than an established one.