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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Merger or Amalgamation of certain companies: expanded eligible classes, streamlined filings, and Central Government confirmation mechanism clarified.</h1> Rule 25 prescribes procedural and eligibility norms for schemes of merger or amalgamation, specifying classes of companies that may merge (including start-ups, small companies, specified unlisted companies meeting aggregate indebtedness and default conditions, holding-subsidiary combinations and certain intra-group subsidiaries), filing requirements (notice in Form CAA.9, solvency declaration in Form CAA.10 as attachment to Form GNL-1, scheme and meeting reports in Form CAA.11), timelines for objections and Central Government action, deemed no-objection where time limits lapse, requirement to file confirmation in Form INC-28, option to proceed under sections 230232, and mutatis mutandis application to transfers or divisions.