New Delhi, April 9 -- With Parliament passing the Jan Vishwas (Amendment of Provisions) Bill, 2026 to decriminalise minor offences and promote a more facilitative regulatory environment, compliance burden is set to ease significantly for trade and businesses especially micro, small and medium enterprises (MSMEs). Building on earlier reforms, the proposed Jan Vishwas (Amendment of Provisions) Act, 2023, the Bill seeks to replace criminal penalties for procedural and minor violations with civil penalties and administrative mechanisms, allowing businesses to correct errors without facing immediate punitive action.

As both Lok Sabha and Rajya Sabha have cleared the Jan Vishwas (Amendment of Provisions) Bill, 2026 it is now headed for final ...