Section 233 of the Companies Act, 2013, deals with “fast track merger”. What is the time duration and…
Section 233 of the Companies Act provides a fast-track merger route approved by the Central Government acting through the Regional Director rather than by NCLT sanction in…
Choose your answer
Section 233 of the Companies Act, 2013, deals with “fast track merger”. What is the time duration and the concerned authority for approval ?
Answer and explanation
Correct answer A
Section 233 of the Companies Act provides a fast-track merger route approved by the Central Government acting through the Regional Director rather than by NCLT sanction in every case, so the answer is "60‑90 Days, Regional Director". The 60-90 day period describes the expedited framework, although objections and referrals can affect actual completion time.
Practice for these exams
-
All India Bar Examination (AIBE)
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
CLAT PG
Subject revision for a passage-based exam
-
CUET PG Law (LL.M.)
Subject revision
-
AILET PG
Subject revision
-
Bihar Judicial Services
Subject revision