The Joint Parliamentary Committee (JPC) formed on the Corporate Laws (Amendment) Bill is preparing to present its report in the monsoon session. JPC Chairman Sudhir Gupta said that the committee is working rapidly to provide better opportunities to companies that contribute to the development of the country.
New Delhi [भारत]July 16 (ANI): The Joint Parliamentary Committee (JPC) examining the Corporate Laws (Amendment) Bill, 2026 is working towards presenting its report during the upcoming monsoon session of Parliament. Committee chairman Sudhir Gupta said on Thursday that the panel is maintaining the pace of its discussion to complete the exercise.
Speaking to ANI after the committee meeting, Gupta said the widespread expectation is that the panel completes its work as soon as possible to facilitate reforms for businesses. “Since the sentiment of the country is that this committee should complete its work quickly, so that those who want to develop their companies and systems in the development of the country get a good chance. So we are working with the same preparation,” Gupta told ANI.
Asked if the committee could submit its report during the monsoon session, he said, “Our endeavor is that we will table it and we are able to do so at the same pace.”
Clause-by-clause discussion continues on the bill
On the progress of the committee’s work, Gupta said members are continuing to examine the bill clause-by-clause. As per the schedule of the committee, Thursday’s meeting was about oral testimony from representatives of the Ministry of Corporate Affairs, followed by a clause-by-clause examination of the Corporate Laws (Amendment) Bill, 2026 with officials from the ministry.
The committee is consulting with a wide range of stakeholders before finalizing its recommendations. It heard the views of representatives of the Department of Financial Services, Reserve Bank of India, Insurance Regulatory and Development Authority of India (IRDAI), Department of Revenue, Central Board of Direct Taxes (CBDT), Central Board of Indirect Taxes and Customs (CBIC), Ministry of Electronics and Information Technology, NITI Aayog and Insolvency and Bankruptcy Board of India (IBBI).
It has also consulted industry bodies, legal experts and academic institutions such as India Web3 Association, India Blockchain Forum, India Blockchain Alliance, Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI), PHD Chamber of Commerce and Industry.
During its visit to Mumbai, the panel interacted with over 40 stakeholders including SBI, BSE and NSE.
As per the committee’s schedule, it will meet again on Friday to continue the clause-by-clause examination of the bill with officials from the Ministry of Corporate Affairs and hold its internal discussions later in the day. (ANI)
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