https://www.taxtmi.com/notifications?id=140133 Amendments revise timelines for approval of merger and amalgamation schemes: if no objection is received within thirty days, the Central Government may issue a confirmation order in the prescribed form and, failing issuance within sixty days from receipt, approval is deemed and a confirmation order issued. If objections are received within thirty days, the Central Government may either dismiss unsustainable objections and confirm the scheme or, if it considers the scheme not in the public interest or not in creditors' interest, file an application for tribunal consideration in the prescribed form; failure to act within the overall period results in deemed non-objection and confirmation. en-us Mon, 15 May 2023 00:00:00 +0530 Tue, 16 May 2023 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=140133 Amendments revise timelines for approval of merger and amalgamation schemes: if no objection is received within thirty days, the Central Government may issue a confirmation order in the prescribed form and, failing issuance within sixty days from receipt, approval is deemed and a confirmation order issued. If objections are received within thirty days, the Central Government may either dismiss unsustainable objections and confirm the scheme or, if it considers the scheme not in the public interest or not in creditors' interest, file an application for tribunal consideration in the prescribed form; failure to act within the overall period results in deemed non-objection and confirmation. Notifications Companies Law Mon, 15 May 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=140133