{"id":379936,"date":"2026-04-01T17:00:37","date_gmt":"2026-04-01T11:30:37","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=379936"},"modified":"2026-04-02T11:38:20","modified_gmt":"2026-04-02T06:08:20","slug":"corporate-laws-amendment-bill-2026-introduced-in-lok-sabha","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2026\/04\/01\/corporate-laws-amendment-bill-2026-introduced-in-lok-sabha\/","title":{"rendered":"Strengthening Corporate Governance and Compliance: Highlights of the Corporate Laws (Amendment) Bill, 2026"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">On 23 March 2026, the <span style=\"font-weight: bold;\">Corporate Laws (Amendment) Bill, 2026<\/span> was introduced in <span style=\"font-weight: bold;\">Lok Sabha<\/span> to revise the corporate laws, with the objective of improving regulatory efficiency, ease of doing business, and compliance culture.<\/p>\n<h2>Key Points:<\/h2>\n<ol style=\"list-style-type: decimal;\">\n<li>\n<p>The Bill seeks to amend two major corporate laws:<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>\n<p style=\"font-weight: bold;\"><a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0002831279\" target=\"_blank\">Limited Liability Partnership Act, 2008<\/a><\/p>\n<\/li>\n<li>\n<p style=\"font-weight: bold;\"><a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0002766251\" target=\"_blank\">Companies Act, 2013<\/a><\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p style=\"font-weight: bold;\">Proposed Amendments to the <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0002831279\" target=\"_blank\">Limited Liability Partnership Act, 2008<\/a>:<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>\n<p>The Bill introduces International Financial Services Centre-specific Limited Liability Partnership (LLP) framework by including new definitions in <span style=\"font-weight: bold;\">section 2(1)<\/span> such as:<\/p>\n<p style=\"margin-left: 36pt; text-indent: -18pt;\">&#9675; International Financial Services Centre (IFSC)<\/p>\n<p style=\"margin-left: 36pt; text-indent: -18pt;\">&#9675; International Financial Services Centres Authority (IFSCA)<\/p>\n<p style=\"margin-left: 36pt; text-indent: -18pt;\">&#9675; Permitted foreign currency<\/p>\n<p style=\"margin-left: 36pt; text-indent: -18pt;\">&#9675; Specified International Financial Services Centre LLP<\/p>\n<\/li>\n<li>\n<p>Revised <span style=\"font-weight: bold;\">Section 11<\/span> limits the requirement of a declaration by an advocate\/ Cas\/ Cost accountants or CS only to cases where such professionals are engaged, thus, reducing mandatory compliances and lowering incorporation costs, especially for <span style=\"font-weight: bold;\">small businesses and start-ups.<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 11(2)<\/span> will require a Specified IFSC LLP to clearly state its objects at the time of incorporation, specifying permitted financial services activities under the <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-9000376700\" target=\"_blank\">IFSCA Act, 2019<\/a>, along with any incidental or ancillary activities, in compliance with IFSCA regulations.<\/p>\n<\/li>\n<li>\n<p>A proviso to <span style=\"font-weight: bold;\">Section 13(1)<\/span> is proposed to mandate that a <span style=\"font-weight: bold;\">Specified International Financial Services Centre LLP<\/span> to maintain its registered office within an IFSC.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 15(1)<\/span> aims to require that every <span style=\"font-weight: bold;\">Specified International Financial Services Centre LLP<\/span> must include the suffix <span style=\"font-weight: bold;\">&#8220;International Financial Services Centre LLP&#8221;<\/span> in its name, ensuring clear identification and regulatory distinction of IFSC-based LLPs.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 23(2) seeks to relax<\/span> the requirement of filing changes in the LLP agreement for LLPs regulated by <span style=\"font-weight: bold;\">SEBI or IFSCA<\/span>, by allowing such filings to be made <span style=\"font-weight: bold;\">in the manner and frequency as may be prescribed<\/span>, rather than on an event-based basis.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Under the revised Section 25(2)<\/span>, LLPs regulated by <span style=\"font-weight: bold;\">SEBI or IFSCA<\/span> would be required to <span style=\"font-weight: bold;\">furnish details of changes in partners on an annual basis<\/span> reducing repetitive compliance filings.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 32(2) seeks to enable<\/span> Specified IFSC LLPs to account for and disclose partner contributions in <span style=\"font-weight: bold;\">permitted foreign currency<\/span>, allow existing IFSC LLPs to convert contributions from Indian rupees into permitted foreign currency, and restrict acceptance of further monetary contributions.<\/p>\n<\/li>\n<li>\n<p>A <span style=\"font-weight: bold;\">new Section 33<\/span>&#8211;<span style=\"font-weight: bold;\">A is sought to be inserted<\/span> to extend the valuation framework under <span style=\"font-weight: bold;\">Section <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0001537466\" target=\"_blank\">247<\/a> of the <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0002766251\" target=\"_blank\">Companies Act, 2013<\/a><\/span> to LLPs on a <span style=\"font-style: italic;\">mutatis mutandis<\/span> basis for valuation of partner contributions, assets, net worth, or liabilities.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Under the proposed amendments to section 34(1)<\/span>, Specified IFSC LLPs maintaining contributions in permitted foreign currency <span style=\"font-weight: bold;\">would be permitted<\/span> to prepare and maintain books of account and financial statements in such currency, with an option to maintain them in Indian rupees if permitted by <span style=\"font-weight: bold;\">IFSCA<\/span>, along with consequential rationalisation of penalty provisions.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">The Bill intends to amend Section 38<\/span> to decriminalise non-compliance with requisitions issued by the Registrar by substituting criminal consequences with a <span style=\"font-weight: bold;\">civil penalty of &#8377;10,000<\/span> for failure to comply with requisitions other than summons.<\/p>\n<\/li>\n<li>\n<p>A <span style=\"font-weight: bold;\">new Section 57<\/span>&#8211;<span style=\"font-weight: bold;\">A is proposed to facilitate<\/span> the conversion of <span style=\"font-weight: bold;\">SEBI- or IFSCA-registered specified trusts<\/span> into LLPs, in accordance with the provisions of the Act and the <span style=\"font-weight: bold;\">Fifth Schedule<\/span>.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 58 is sought to be substituted<\/span> to introduce a uniform statutory framework governing the conversion of firms, private companies, unlisted public companies, and specified trusts into LLPs, providing for automatic transfer of assets and liabilities and dissolution of the erstwhile entity upon registration.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 68(1) empowers the Central Government<\/span>, through the proposed amendment, to require Specified IFSC LLPs to file, record or register documents in <span style=\"font-weight: bold;\">permitted foreign currency<\/span>, while continuing to mandate that <span style=\"font-weight: bold;\">fees, fines and penalties<\/span> be paid in Indian rupees.<\/p>\n<\/li>\n<li>\n<p>A <span style=\"font-weight: bold;\">new Section 68<\/span>&#8211;<span style=\"font-weight: bold;\">B seeks to provide<\/span> a statutory appeal mechanism against decisions of the Registrar under <span style=\"font-weight: bold;\">Sections 12 and 16<\/span>, strengthening procedural safeguards and access to remedies.<\/p>\n<\/li>\n<li>\n<p>The Bill seeks to insert a new <span style=\"font-weight: bold;\">Fifth Schedule<\/span> to specify eligibility conditions, filing requirements, registration process, and legal effects of conversion.<\/p>\n<\/li>\n<li>\n<p>It also allows conversion subject to <span style=\"font-weight: bold;\">consent of three-fourths of investors<\/span> and ensures <span style=\"font-weight: bold;\">automatic transfer and continuity of assets, liabilities, contracts, approvals, and legal proceedings<\/span>, while retaining trustee liability for pre-conversion obligations as a safeguard.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p style=\"font-weight: bold;\">Proposed Amendments to the <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0002766251\" target=\"_blank\">Companies Act, 2013<\/a>:<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>\n<p><span style=\"font-weight: bold;\">Section 2<\/span> seeks to update definitions such as:<\/p>\n<p style=\"margin-left: 36pt; text-indent: -18pt;\">&#9675; <span style=\"font-weight: bold;\">&#8220;Cost Accountants&#8221;<\/span><\/p>\n<p style=\"margin-left: 36pt; text-indent: -18pt;\">&#9675; <span style=\"font-weight: bold;\">&#8220;Regional Director&#8221;<\/span><\/p>\n<p style=\"margin-left: 36pt; text-indent: -18pt;\">&#9675; <span style=\"font-weight: bold;\">&#8220;Registered valuer&#8221;<\/span>.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 4(5)<\/span> seeks to rationalise penalties by prescribing a <span style=\"font-weight: bold;\">fixed penalty of &#8377;50,000<\/span> for certain defaults relating to name approval, replacing variable penalty amounts.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 7(1)<\/span> aims to limit professional certification requirements at incorporation by mandating declaration by professionals <span style=\"font-weight: bold;\">only where such professionals are engaged<\/span>, thereby reducing incorporation-related compliance burden.<\/p>\n<\/li>\n<li>\n<p>A <span style=\"font-weight: bold;\">new Section 12<\/span>&#8211;<span style=\"font-weight: bold;\">A<\/span> seeks to require prescribed classes of companies to maintain <span style=\"font-weight: bold;\">a website, email address, and other communication modes<\/span>, and to intimate such details and changes thereof to the Registrar.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 20(2)<\/span> seeks to mandate <span style=\"font-weight: bold;\">electronic mode of service<\/span> of prescribed documents for specified classes of companies, while allowing members to request documents through other modes on payment of prescribed fees.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 26(9)<\/span> seeks to decriminalise defaults relating to issuance of prospectus by substituting criminal punishment with a <span style=\"font-weight: bold;\">monetary penalty of &#8377;2 lakh<\/span>.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 40<\/span> seeks to restrict criminal liability to limited cases and introduces <span style=\"font-weight: bold;\">high monetary penalties<\/span> for non-compliance with provisions other than those relating to deposit of application money.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 42<\/span> aims to update &#8220;shares&#8221; with <span style=\"font-weight: bold;\">&#8220;securities&#8221;<\/span>, recognising new compensation instruments linked to share value, and rationalising penalty wording.<\/p>\n<\/li>\n<li>\n<p>A <span style=\"font-weight: bold;\">new Section 43-A<\/span> seeks to allow companies incorporated in an <span style=\"font-weight: bold;\">IFSCA<\/span> to issue and maintain share capital, accounts, and records in <span style=\"font-weight: bold;\">permitted foreign currency<\/span>, while continuing payment of fees and penalties in Indian rupees.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 62(1)<\/span> seeks to recognise <span style=\"font-weight: bold;\">additional employee compensation schemes<\/span> linked to share capital value, in addition to employee stock option schemes.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 68<\/span> aims to provide <span style=\"font-weight: bold;\">greater flexibility in buy-back of shares<\/span> by allowing prescribed classes of companies to undertake multiple buy-backs within a year, relax buy-back limits, remove affidavit requirements, and replace criminal punishment with <span style=\"font-weight: bold;\">civil penalties<\/span>.<\/p>\n<\/li>\n<li>\n<p>The Bill seeks to <span style=\"font-weight: bold;\">extend the time period for registration of charges<\/span> from <span style=\"font-weight: bold;\">60 days to 120 days<\/span> for prescribed classes of companies, providing additional compliance flexibility.<\/p>\n<\/li>\n<li>\n<p>A <span style=\"font-weight: bold;\">new sub-section 88(2A)<\/span> is proposed to provide that <span style=\"font-weight: bold;\">no notice of any trust, whether express, implied, or constructive<\/span>, shall be entered in the register of members or debenture holders.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 96(3)<\/span> is proposed to allow companies to <span style=\"font-weight: bold;\">hold AGMs physically, virtually, or in hybrid mode<\/span>, subject to prescribed conditions, while mandating that at least one physical AGM be held once every <span style=\"font-weight: bold;\">three years<\/span>.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 99<\/span> seeks to decriminalise defaults relating to AGMs by <span style=\"font-weight: bold;\">substituting punishment with monetary penalties<\/span>.<\/p>\n<\/li>\n<li>\n<p>A <span style=\"font-weight: bold;\">new sub-section 100(7)<\/span> is proposed to permit companies to <span style=\"font-weight: bold;\">hold EGMs physically or through electronic or hybrid modes<\/span>, subject to members&#8217; requisition rights.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 101<\/span> is proposed to allow <span style=\"font-weight: bold;\">shorter notice periods<\/span> for EGMs conducted wholly through electronic means, in the manner and duration as may be prescribed.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 124<\/span> seeks to clarify transfer of <span style=\"font-weight: bold;\">unpaid or unclaimed dividends<\/span> along with corresponding shares to the <span style=\"font-weight: bold;\">Investor Education and Protection Fund Authority<\/span>, strengthening investor protection mechanisms.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 125<\/span> is proposed to expand the scope of amounts transferable to the IEPF, including <span style=\"font-weight: bold;\">unpaid amounts relating to extinguished buy-back shares<\/span>, and to empower the Authority to delegate its functions.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 132 is proposed to be revised to strengthen the National Financial Reporting Authority (NFRA)<\/span> by recognising it as a body corporate, extending its jurisdiction to bodies corporate, and enhancing its supervisory and enforcement powers, including stricter penalties for non-compliance.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 141(1)<\/span> seeks to require that <span style=\"font-weight: bold;\">every partner of an audit firm<\/span> be registered with a recognised statutory professional body in India, strengthening auditor eligibility standards.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 147<\/span> seeks to decriminalise specified audit-related defaults by replacing criminal punishment with <span style=\"font-weight: bold;\">monetary penalties<\/span> for companies and officers in default and expanding its scope to cover additional audit-related provisions.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 154<\/span> seeks to introduce a comprehensive framework for <span style=\"font-weight: bold;\">verification, deactivation, cancellation, surrender, and restoration of DINs<\/span>, requiring directors to periodically verify particulars and providing consequences such as ineligibility to function as director or vacancy of office where DIN is deactivated or cancelled.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 159<\/span> seeks to rationalise penalty provisions by specifying a <span style=\"font-weight: bold;\">maximum penalty limit of &#8377;5 lakh<\/span> for continuing default, replacing open-ended penalties.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 161<\/span> aims to rationalise the tenure of <span style=\"font-weight: bold;\">additional, alternate, and casual vacancy directors<\/span> by limiting their tenure to the <span style=\"font-weight: bold;\">next general meeting or three months<\/span> and restricting re-appointment by the Board without prior member approval where appointment was not approved earlier.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 164<\/span> seeks to <span style=\"font-weight: bold;\">expand disqualification criteria<\/span> by including auditors, valuers, insolvency professionals, and persons not assessed as fit and proper, reducing the non-filing disqualification period from three to two financial years, and clarifying vacancy of office upon such disqualification.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 189<\/span> seeks to insert <span style=\"font-weight: bold;\">sub-section (5A)<\/span> to provide that any company failing to comply with the provisions relating to related-party contracts and arrangements shall be <span style=\"font-weight: bold;\">liable to a monetary penalty of &#8377;2 lakh<\/span>, thereby decriminalising the offence.<\/p>\n<\/li>\n<li>\n<p>A <span style=\"font-weight: bold;\">new Section 203-A<\/span> is proposed to prescribe the <span style=\"font-weight: bold;\">procedure for resignation of whole-time key managerial personnel (other than a director)<\/span>, requiring intimation to the Registrar and clarifying that such resignation shall not absolve liability for defaults committed during tenure.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 204<\/span> revises <span style=\"font-weight: bold;\">&#8220;secretarial auditor&#8221;<\/span> to restrict eligibility for appointment as secretarial auditor to company secretaries in practice (or eligible firms), and mandate that firm partners be registered with recognised statutory bodies.<\/p>\n<\/li>\n<li>\n<p>Amendment to<span style=\"font-weight: bold;\"> Section 206(7)<\/span> is proposed to be substituted to <span style=\"font-weight: bold;\">replace criminal punishment with graded civil penalties<\/span> for failure to furnish information, explanations, or documents sought by the Registrar.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 165<\/span> seeks to empower the <span style=\"font-weight: bold;\">Central Government to prescribe a lower limit<\/span> on the number of directorships for specified classes of companies or directors, enabling flexible regulation where required.<\/p>\n<\/li>\n<li>\n<p>A <span style=\"font-weight: bold;\">new Section 365-A<\/span> seeks to provide a statutory <span style=\"font-weight: bold;\">right of appeal to the Appellate Tribunal<\/span> against orders of the Central Government under this Part, to be filed within <span style=\"font-weight: bold;\">45 days<\/span>, in the prescribed manner.<\/p>\n<\/li>\n<li>\n<p>A <span style=\"font-weight: bold;\">new Section 396-A<\/span> is proposed to provide a <span style=\"font-weight: bold;\">statutory appeal mechanism<\/span> against decisions of the Registrar under Sections 4 and 7, to an officer not below the rank of Joint Director.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 418-A (3)<\/span> is proposed to provide a <span style=\"font-weight: bold;\">mechanism for resolving differences of opinion<\/span> among Members of a Bench of the Appellate Tribunal through majority decision, with reference to additional Members where required.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">Section 441<\/span> seeks to <span style=\"font-weight: bold;\">enhance the monetary threshold for compounding of offences<\/span> by increasing the <span style=\"font-weight: bold;\">limit from &#8377;25 lakh<\/span> to <span style=\"font-weight: bold;\">&#8377;1 crore<\/span>, thereby reducing litigation burden.<\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: bold;\">New sections 454-B to 454-D<\/span> are proposed to introduce a <span style=\"font-weight: bold;\">robust recovery mechanism for penalties<\/span>, enable <span style=\"font-weight: bold;\">settlement of specified contraventions<\/span>, and mandate <span style=\"font-weight: bold;\">pre-deposit of a portion of penalty<\/span> before appeals are entertained.<\/p>\n<\/li>\n<li>\n<p>A <span style=\"font-weight: bold;\">new Section 466<\/span>&#8211;<span style=\"font-weight: bold;\">A<\/span> seeks to empower the <span style=\"font-weight: bold;\">Central Government to issue directions, guidelines or circulars<\/span> to clarify rules or prescribe ancillary procedures, subject to consultation requirements.<\/p>\n<\/li>\n<li>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Section 469(3)<\/span> seeks to replace criminal punishment for rule contraventions with <span style=\"font-weight: bold;\">monetary penalties<\/span>, subject to prescribed limits, reinforcing the decriminalisation framework.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<p style=\"margin-bottom: 3%;\">[<span style=\"font-weight: bold; color: #632423;\"><a href=\"http:\/\/www.scconline.com\/DocumentLink\/9Zs6925A\" target=\"_blank\">Corporate Laws Amendment Bill 2026<\/a>, published on 23-3-2026<\/span>]<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p style=\"font-style: italic;\">Corporate Laws (Amendment) Bill, 2026 was introduced in Lok Sabha to propose wide-ranging reforms to the Companies Act, 2013 and the LLP Act, 2008, focusing on decriminalisation, ease of doing business, improved governance, and compliance rationalisation.<\/p>\n","protected":false},"author":67525,"featured_media":379937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,13],"tags":[31714,25624,101575,101574,101576,29973,85905,44463,39874,101577,101579,101578],"class_list":["post-379936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-statutes","tag-companies-act-2013","tag-corporate-governance","tag-corporate-law-reforms","tag-corporate-laws-amendment-bill-2026","tag-decriminalisation-of-corporate-offences","tag-ease-of-doing-business","tag-ifsc-regulations","tag-ifsca","tag-limited-liability-partnership-act-2008","tag-llp-amendments","tag-lok-sabha-bills","tag-nfra-reforms"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - 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Corporate Tax Rates slashed to be slashed to 22% for domestic companies and 15% for new domestic manufacturing companies, according to the said bill. List of amendments: Section 92 BA Section 115 BA Insertion of Sections 115\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/PARLIAMENT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":210388,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/02\/20\/cabinet-approves-promulgation-of-the-companies-second-amendment-ordinance-2019\/","url_meta":{"origin":379936,"position":5},"title":"Cabinet approves Promulgation of the Companies (Second Amendment) Ordinance 2019","author":"Bhumika Indulia","date":"February 20, 2019","format":false,"excerpt":"The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Promulgation of the Companies (Second Amendment) Ordinance 2019 and for replacement of the said Ordinance in Parliament by a replacement Bill.\u00a0It is based on the recommendations of the Committee to review offences under the Companies Act, 2013, so\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/379936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67525"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=379936"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/379936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/379937"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=379936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=379936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=379936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}