MCA notifies new rules to clear merger & acquisition process within 15-60 days
Image Credit: economic times
The ministry of corporate affairs (MCA) has notified changes to the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2016, effective from May 15. As per the new rules, Merger & Acquisitions (M&As) will now be able to secure approval within 15 days that can go up to a maximum of 60 days. The new rules have been named as the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2023 by MCA.