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TMI BlogGovt to rationalise procedures for speedy company mergersX X X X Extracts X X X X X X X X Extracts X X X X ..... Govt to rationalise procedures for speedy company mergers X X X X Extracts X X X X X X X X Extracts X X X X ..... 5-26 presented in the Parliament on Saturday. "Requirements and procedures for speedy approval of company mergers will be rationalised. The scope for fast-track mergers will also be widened and the process made simpler," Finance Minister Nirmala Sitharaman said in her Budget speech. Among other steps, the minister said the government will now bring up the Jan Vishwas Bill 2.0 to decriminalise ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... more than 100 provisions in various laws. In the Jan Vishwas Act 2023, more than 180 legal provisions were decriminalised. Also, the revamped Central KYC Registry will be rolled out in 2025. "We will also implement a streamlined system for periodic updating," Sitharaman said. The Institute of Company Secretaries of India (ICSI) described the budget as a balanced and transformative financial ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... blueprint aimed at fostering long-term economic growth, sustainability, and inclusive prosperity. "Rationalisation of requirements for speedy company mergers, rationalisation of TDS/TCS, measures for encouraging voluntary compliance reflects bringing a lot of business ease," it said in a release. Further, ICSI said a key priority of the budget is expanding social welfare programmes aimed at su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pporting vulnerable communities, including increased funding for education, healthcare, and housing. PTI RAM HVA X X X X Extracts X X X X X X X X Extracts X X X X
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