Q1. The Corporate Laws (Amendment) Bill 2026 was introduced in Lok Sabha on March 23, 2026. Which of the following statements about this Bill is/are correct? 1. It proposes amendments to both the Companies Act 2013 and the LLP Act 2008. 2. It converts all criminal offences under corporate law into civil defaults. 3. The Bill was referred to a 31-member Joint Parliamentary Committee. Select the correct answer using the codes below:
A 1 and 2 only
B 1 and 3 only Correct
C 2 and 3 only
D 1, 2 and 3
Explanation
Statement 1 is correct — the Bill amends both the Companies Act 2013 and LLP Act 2008. Statement 2 is incorrect — only minor procedural offences are decriminalised, not all criminal offences. Statement 3 is correct — the Bill was referred to a 31-member JPC to report by Monsoon Session 2026.