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of <h1>Central Government Can Merge Companies Under Section 237 of Companies Act 2013 to Protect Public Interest.</h1> Section 237 of the Companies Act, 2013, empowers the Central Government to order the amalgamation of companies in the public interest. This order, published in the Official Gazette, specifies the new company's structure, rights, and obligations. It ensures that members and creditors of the original companies retain similar interests or receive compensation if their rights are diminished. Compensation assessments can be appealed to a Tribunal. Before finalizing the order, a draft is shared with the companies involved, allowing for objections and modifications. The final order is presented to Parliament for review.
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