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Centre amends rules related to amalgamations under companies law

By Economic Times - 2 months ago
The government has revised rules for mergers under the companies law, now requiring prior RBI approval for amalgamations involving a foreign holding company and its wholly-owned Indian subsidiary. The corporate affairs ministry has updated the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 to include this new requirement, aiming to streamline the process for such mergers.

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