New Delhi, July 7 -- The government is considering including a provision from the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006, in the upcoming Jan Vishwas Bill 2.0 that deals with penalties for small firms failing to disclose key business information to government authorities, two officials aware of the matter said.

"There are provisions from the MSMED Act that are likely to be a part of the Jan Vishwas Bill 2.0, and section 27 has been discussed for this," said the first official cited above, speaking on the condition of anonymity.

The Jan Vishwas Bill 2.0, announced by finance minister Nirmala Sitharaman in her FY26 budget speech, will include 100 laws to be decriminalised. It follows the first edition of the Bi...