Corporate Amendment Bill: Revamping Penalties and Digitizing Filings

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Corporate Amendment Bill to Revamp Penalties, Digitise Filings

The bill is likely to be tabled in the second half of the Budget session, which resumes on March 9

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Moneycontrol•20-02-2026, 16:40

Corporate Amendment Bill to Revamp Penalties, Digitise Filings

•The Corporate Amendment Bill aims to reclassify company law violations and streamline compliance processes.
•It will amend the Companies Act, 2013, and the Limited Liability Partnership Act, 2008, expected in the Budget session.
•Offence reclassification will shift minor procedural offences from criminal prosecution to civil adjudication, impacting internal risk registers.
•Businesses should prepare for revised statutory forms, filing timelines, recalibrated penalty structures, and increased digitisation.
•A separate Companies (Amendment) Bill, 2025, will lower CSR spending thresholds to Rs 3 crore, bringing more companies under the 2% spend rule.

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