<h1>Fast track merger scope expanded to include more unlisted, holding-subsidiary and fellow subsidiary combinations with certification requirement.</h1> The draft amends rule 25 to widen eligibility for fast track mergers under section 233 by adding: unlisted companies meeting limited borrowing and no-default criteria with auditor certification; holding company (listed or unlisted) with unlisted subsidiaries (not limited to wholly owned); and mergers among unlisted fellow subsidiaries of the same holding company; and by incorporating the rule 25A(5) cross-border holding-to-wholly-owned-subsidiary merger into rule 25.