Section 233 of the Companies Act, 2013 provides a streamlined process for mergers and amalgamations between certain categories of companies. Unlike the lengthy traditional merger procedures, this section introduces a fast-track route for mergers between small companies, holding and subsidiary companies, and other prescribed entities. The primary aim is to reduce time, regulatory requirements, and costs associated with merging smaller businesses or intra-group companies. Under Section 233 of the Companies Act, 2013, companies are not required to go through the National Company Law Tribunal (NCLT) for approval. Instead, they can secure the necessary approvals from the Registrar of Companies (ROC) and the Official Liquidator. This simplified approach is highly beneficial for companies looking for a quick, cost-effective way to restructure their businesses through mergers or amalgamations. The process under Section 233 requires approval from shareholders, creditors, and the respective regulatory bodies. Once these approvals are in place, the merger can be completed without going through the more complex procedures set out in other provisions of the Act. This makes Section 233 an attractive option for businesses seeking efficiency in corporate restructuring.

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• Section 233 of the Companies Act 2013