ENA Sectors 2026-02-18 15:40:30 <p><span style="font-size:14px"><strong>New Delhi, Feb 18 (KNN)</strong> The Ministry of Corporate Affairs (MCA) is preparing to introduce a Corporate Amendment Bill aimed at simplifying regulatory procedures and reducing the compliance burden on businesses.</span></p> <p><span style="font-size:14px">The forms are being rationalised, and more action on decriminalisation is being proposed for greater ease of doing business, a senior official was quoted by Business Standard as saying.</span></p> <p><span style="font-size:14px">The Cabinet note outlining comprehensive changes to both Companies Act and Limited Liability Partnership Act are learnt to have been finalised. Officials indicated that company forms are being rationalised and further decriminalisation of certain offences is being proposed to improve the ease of doing business.</span></p> <p><strong><span style="font-size:14px">IBC Amendments Likely in Budget Session</span></strong></p> <p><span style="font-size:14px">The government is also expected to introduce amendments to the Insolvency and Bankruptcy Code during the second half of the ongoing Budget session.</span></p> <p><span style="font-size:14px">The senior official added, We have accepted most of the recommendations made by the select committee on the proposed Bill.</span></p> <p><strong><span style="font-size:14px">Reforms in Professional Services Framework</span></strong></p> <p><span style="font-size:14px">The MCA is considering changes to laws governing professional bodies such as Chartered Accountants, Cost Accountants and Company Secretaries. </span></p> <p><span style="font-size:14px">The proposed reforms are based on recommendations of a high-level committee that suggested enabling the creation of multidisciplinary professional firms in India.</span></p> <p><span style="font-size:14px">Currently, Indian regulations do not allow professionals such as CAs, CSs, lawyers and actuaries to operate under a single firm structure, limiting their ability to offer integrated services similar to global firms. The proposed amendments seek to address these structural constraints.</span></p> <p><strong><span style="font-size:14px">Expanded Role for NFRA</span></strong></p> <p><span style="font-size:14px">Through amendments to the Companies Act, the MCA is also examining the possibility of granting greater functional flexibility to the National Financial Reporting Authority (NFRA). </span></p> <p><span style="font-size:14px">The proposal includes allowing the regulator to delegate certain functions beyond its executive board, enabling clearer separation between investigative and disciplinary roles.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em><br /> </p> 45191 https://knnindia.co.in/news/newsdetails/sectors/mca-plans-corporate-amendment-bill-to-ease-compliance-burden 2026-02-18 15:40:30 knnindia.co.in