MCA invites public comments on proposed amendment in the Rules to widen the scope of fast track mergers under Companies Act, 2013 https://www.taxtmi.com/news?id=39967 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. en-us Mon, 07 Apr 2025 09:43:27 +0530 Mon, 07 Apr 2025 14:59:00 +0530 TaxTMI RSS Generator MCA invites public comments on proposed amendment in the Rules to widen the scope of fast track mergers under Companies Act, 2013 https://www.taxtmi.com/news?id=39967 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. News - Mon, 07 Apr 2025 09:43:27 +0530 https://www.taxtmi.com/news?id=39967