Quick Summary
MCA invites public comments on proposed amendment in the Rules to widen the scope of fast track mergers under Companies Act, 2013
Section 233 of the Companies Act 2013 provides for merger or amalgamation of certain companies (Fast Track Merger) through approval of Central Government [Delegated to Regional Directors]. Pursuant to Para 101 of the Budget Speech (2025-2026), it has been decided to widen the scope of such mergers. For this purpose, a draft notification (along with an Explanatory note) proposing amendment in the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 has been placed on the website of the M/o Corporate Affairs (www.mca.gov.in).
Comments/suggestions on the draft amendment rules may be sent latest by 05th May, 2025 through e-Consultation Module on the website of Ministry of Corporate Affairs.
FAQ :
The MCA is proposing amendments to widen the scope of fast track mergers under Section 233 of the Companies Act 2013.
A draft notification and explanatory note proposing the amendments have been placed on the website of the Ministry of Corporate Affairs (www.mca.gov.in).
Comments and suggestions on the draft amendment rules can be submitted through the e-Consultation Module on the Ministry of Corporate Affairs website.
The deadline for submitting comments and suggestions is the 5th of May, 2025.
Fast track mergers are provided for under Section 233 of the Companies Act 2013, which allows for mergers or amalgamations of certain companies with the approval of the Central Government, delegated to Regional Directors.
CAclubindia
