FISME Invites MSMEs, Industry Feedback On Corporate Laws Amendment Bill 2026

New Delhi, Jun 17 (KNN) The government introduced the Corporate Laws (Amendment) Bill, 2026 in March 2026, proposing sweeping changes to the country's corporate regulatory framework. 

The Bill has since been referred to a Joint Parliamentary Committee (JPC) for detailed examination.

The legislation proposes amendments to both the Companies Act, 2013 and the Limited Liability Partnership Act, 2008, drawing from the recommendations of the 2025 High Level Committee on Non-Financial Regulatory Reforms. 

It targets four broad objectives: decriminalisation of minor procedural defaults by replacing criminal sanctions with civil penalties; streamlining compliance through rationalised thresholds, digitalisation and simplified processes for mergers and acquisitions; relaxation of CSR compliance requirements for small companies; and designating the Insolvency and Bankruptcy Board of India (IBBI) as a unified valuation authority while transforming the National Financial Reporting Authority (NFRA) into an enforcement-focused regulator.

FISME Calls for MSME Inputs

As the JPC invites suggestions from organisations, industry associations and experts, the Federation of Indian Micro and Small & Medium Enterprises (FISME), the national body representing MSMEs, is collating inputs to submit to the committee.

MSMEs and industry associations are requested to share their specific issues and recommendations with FISME at mayank@fisme.org.in by 4:00 PM on Friday, June 19, 2026.

(KNN Bureau)