Government introduces bill to amend companies, LLP laws; proposes changes in CSR norms

The government has proposed significant amendments to company and LLP laws to boost ease of doing business. Key changes include decriminalizing procedural defaults, relaxing CSR norms, allowing hybrid AGMs, and simplifying M&A procedures. These reforms aim to reduce compliance burdens for businesses, especially small firms and startups, and align India's corporate framework with global standards.