<h1>Regulator expands fast-track merger route under Section 233 to more unlisted companies, holding companies and subsidiaries</h1> The corporate regulator amended the Companies (Compromises, Arrangements and Amalgamations) Rules to widen fast-track mergers under Section 233 of the Companies Act, 2013. Previously extended to small companies, start-ups and certain reverse-flip foreign holding-company cases, the fast-track route now also covers (a) two or more unlisted companies meeting prescribed outstanding loan/debenture/deposit thresholds, (b) a holding company with its subsidiaries (excluding cases where the transferor is a listed company), and (c) two or more subsidiaries of the same holding company (excluding listed transferor cases).