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Which one of the following statements in the context of registration of a scheme of merger or…

Under section 233, the Central Government registers the approved scheme and issues confirmation when the Registrar or Official Liquidator has no objections or suggestions.…

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Which one of the following statements in the context of registration of a scheme of merger or amalgamation under the Companies Act, 2013 is correct ?

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Correct answer A

Under section 233, the Central Government registers the approved scheme and issues confirmation when the Registrar or Official Liquidator has no objections or suggestions. The objection period stated in the Act is thirty days, rather than fifteen. Pending proceedings involving the transferor continue against or by the transferee, which also bears unpaid amounts for purchasing dissenters' shares or settling dissenting creditors' debts.

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