Proposed changes to India's corporate laws, particularly the Corporate Laws (Amendment) Bill, 2026, could introduce some of the world's strictest auditor independence rules. These include a three-year cooling-off period for auditors, which, combined with the existing 10-year audit tenure limit, could prevent outgoing auditors from providing services to companies and their subsidiaries for up to 13 years. This regulatory shift raises alarms among global professional services networks, as it threatens to disrupt established business models and increase operational complexities. Firms may face higher audit costs as they attempt to recover lost revenue during the cooling-off period. Moreover, companies could find themselves navigating a fragmented service landscape, leading to higher coordination costs and risks of conflicting advice. The impact may be particularly severe for multinational corporations relying on integrated governance models across jurisdictions, potentially making India a more challenging environment for global business operations. The bill was introduced in the Lok Sabha on March 23, 2026, and is currently under review by a Joint Parliamentary Committee.