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Procedure for Fast Track Merger Under Section 233 of Companies Act, 2013
['Author Info', 'Name', 'Qualification', 'Company', 'Location', 'Articles Published', 'View Full Profile', 'More Dr Cs Ronak Jhuthawat', 'August', 'July']
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AdvertisementSummary: The Fast Track Merger mechanism under Section 233 of the Companies Act, 2013, read with Rule 25 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, provides a simplified merger route without approaching the NCLT for eligible companies.
It covers specified categories including small companies, holding and wholly-owned subsidiary companies, start-up companies, certain unlisted companies meeting specified debt and repayment conditions, and permitted cross-border mergers.
Fast Track Merger under Section 233: Overview and BenefitsThe Fast Track Merger (FTM) mechanism under Section 233 of the Companies Act, 2013, read with Rule 25 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, provides a simplified route for mergers and amalgamations that does away with the requirement of approaching the National Company Law Tribunal (NCLT).
C. Fast Track Merger Procedure: Step-by-Step Process and FormsSr.
21 days’ notice (if meeting held) 8 Filing of e-Form MGT-14 File the approved resolution with the RoC in e-Form MGT-14.