Q1. The Corporate Laws (Amendment) Bill 2026, introduced in Lok Sabha on March 23, 2026, primarily seeks to amend which two Acts?
Explanation
The Corporate Laws (Amendment) Bill 2026 amends two legislations: (1) the Companies Act, 2013 and (2) the Limited Liability Partnership (LLP) Act, 2008. It decriminalises minor offences in both Acts and introduces other reforms including new employee compensation instruments and trust-to-LLP conversion.
