MCA proposes wider scope for fast track M&As under present rules

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MCA proposes wider scope for fast track M&As under present rules - Business Standard

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The Ministry of Corporate Affairs (MCA) has proposed widening the scope of the present rules for mergers and amalgamations to include more unlisted companies, and subsidiaries of companies which are not just wholly owned, under the fast track mechanism.

The fast track mechanism for mergers requires no involvement of the National Company Law Tribunal and can be availed by small companies, startups, and for mergers between holding companies and their wholly owned subsidiaries.