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    <description>The Companies Bill, 2012 mandates fully electronic company registration via the MCA-21 registry, permits maintenance of records and meetings by e-governance, shifts toward self-regulation with disclosures/transparency instead of approval-based oversight, recognizes One Person Company and Small Company forms to promote entrepreneurship, provides expedited merger and acquisition mechanisms including short-form and cross-border mergers, and provides for time-bound approvals by the National Company Law Tribunal alongside a summary liquidation process for certain companies.</description>
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