The Ministry of Corporate Affairs (MCA) has amended the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, optimizing the Fast Track Merger Process to issue a confirmation of amalgamation or merger up to 60 days from the filing of the scheme. The amendment Notification dated 15 May 2023 in [F. No. 2/31/CAA/2013 – CL.V Part] states…
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