Fast-Tracking Cross Border Mergers/Amalgamations Through Amendment In Rule 25-A Of The Companies (Compromises, Arrangement And Amalgamations) Rules, 2016.
Background The Ministry of Corporate Affairs (MCA) has published the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2024 (“Amendment Rules”), through its notification dated: September 09, 2024, and the same have come into effect from September 17, 2024. Section 234 of the Companies Act, 2013 (“Act”), read with Rule 25A of the Companies (Compromises, Arrangements …