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of <h1>Streamlined Merger Process for Small Firms Under Section 233 of Companies Act 2013: Key Steps and Compliance Requirements</h1> Section 233 of the Companies Act, 2013 outlines the process for mergers or amalgamations between small companies, holding companies and their wholly-owned subsidiaries, or other prescribed classes. The process requires issuing a notice for objections, approval by 90% of shareholders, filing a solvency declaration, and creditor approval. The scheme must be filed with the Central Government, Registrar, and Official Liquidator. If there are no objections, the scheme is registered, dissolving the transferor company without winding up. The transferee company assumes all assets, liabilities, and legal proceedings. The section also addresses shareholding restrictions and fee adjustments post-merger.
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