New Delhi, March 23: Union Finance Minister Nirmala Sitharaman is set to table the Finance Bill, 2026 and the Corporate Laws (Amendment) Bill, 2026 in the Parliament of India, marking a crucial step in implementing the government’s fiscal and regulatory agenda for 2026–27.
The Finance Bill, 2026 seeks to give effect to the Centre’s budgetary proposals for the upcoming financial year, with Sitharaman expected to move the bill for consideration and passage in the Lok Sabha.
Alongside, the Corporate Laws (Amendment) Bill, 2026 proposes changes to the Companies Act 2013 and the Limited Liability Partnership Act 2008, aimed at strengthening corporate governance, compliance, and ease of doing business.
In parallel, the Union Cabinet has cleared amendments to the Insolvency and Bankruptcy Code earlier this month, paving the way for the introduction of an IBC Amendment Bill during the ongoing session.
The proposed insolvency reforms are based on recommendations from a parliamentary committee chaired by Baijayant Panda, which submitted its report in December 2025. The panel has emphasised faster resolution of stressed assets through stricter timelines and enhanced powers for the Committee of Creditors (CoC).
Key proposals also include a framework for cross-border insolvency to address cases involving international assets and creditors, along with structural reforms to plug gaps in the current system.
The legislative push signals the government’s focus on strengthening India’s financial architecture, improving corporate governance, and accelerating resolution processes to support economic growth.
