Eligibility for Fast Track Merger of Pvt Limited companies

• That Merger & Amalgamation (M & A) may be entered between 2 or more small companies having paid up capital less than Rs.5 million and turnover less than Rs.20 Million; or

• That Merger & Amalgamation maybe entered between holding and its wholly owned subsidiary company;

• That Merger & Amalgamation may be entered between other classes or classes of companies as may be prescribed.

The above are allowed even if they are holding or private because fast track merger overwrites all laws.

• Other public companies’

• Section 8 Companies under the act

• Companies regulated under special act

The above are are examples of exactly what companies are not allowed in this process. All three companies can merge at a time

Thank you for your answer.

So to summarize your answer:

1. A holding pvt ltd company can merge with it's subsidiary (even if it is not wholly owned subsidiary) under Fast track merger. (provided both pvt ltd fits the small company criteria for paid up capital and turnover)

2. Holding pvt ltd company can merge with multiple subsidiaries under Fast track merger by filing a single Scheme of merger

(please correct if I'm wrong)