Article
Streamlining Fast Track Mergers with Budget 2025 By Navyashree R and Krishna Chandak
The article in this issue of Corporate Amicus discusses a recent amendment in Rule 25 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, which, in the light of the proposals of the Union Budget 2025, rationalises the process of Fast Track Mergers (FTM) in India. The article analysis how the amendment aims to broaden the scope of FTM, permitting additional classes of companies to undertake mergers through the simplified FTM route. According to the authors, the enhanced regulatory oversight, extended timelines and clarity on documentation requirements aims to improve efficiency and compliance, which facilitates smooth intra-group restructurings and promotes ease of doing business.
Notifications and Circulars
- Companies (Compromise, Arrangements and Amalgamations) Rules, 2016 amended
- SEBI prescribes framework for AIF co-investment under AIF Regulations
- SEBI simplifies ‘disclosure document’ format for Portfolio Managers
- SEBI facilitates regulatory compliance ease for FPIs investing only in Government Securities
- SEBI prescribes revised regulatory framework for Angel Funds
- RBI issues Master Direction on Regulation of Payment Aggregators
- SEBI introduces standard reason code for smooth transmission of securities from nominee to legal heir
- SEBI modifies framework on Social Stock Exchange
- SEBI issues Compliance Guidelines for Digital Accessibility
- RBI issues Authentication Mechanisms for Digital Payment Transactions Directions, 2025
Ratio decidendi
- Right to housing recognised as a fundamental right under Article 21 – Supreme Court issues directions for strengthening position of homebuyers, RERA and NCLTs – Supreme Court
- NCLT possesses wide jurisdiction to adjudicate all matters incidental or integral to oppression and mismanagement, save where a specific enactment expressly bars such power – Supreme Court
- Arbitration – Execution proceedings not to be deferred merely because an appeal under Section 37 is pending, unless there is an interim stay by appellate court – Supreme Court
- Application under IBC Section 65, in proceedings against the Personal Guarantors, is not maintainable – NCLT, Chennai
- Arbitration – Questions relating to fraud due to a lack of consent for the use of a digital signature can be determined by arbitral tribunal – Calcutta High Court
News Nuggets
- DPIIT and Pfizer partner to foster lab-to-market pathway for healthcare innovation
- India and Israel sign bilateral investment treaty
- Commerce Minister bats for a structured legal framework for vehicle dealers
- Apollo Hospitals to acquire IFC’s stake in Apollo Health and Lifestyle
- SEBI eyeing further ease of onboarding for foreign investors
- JSW Paints receives CCI assent to acquire majority stake in Akzo Nobel India’ business
