Mumbai, Sept. 11 -- Ministry of Corporate Affairs stated in a latest update that in order to facilitate ease of doing business and allow small companies and start-up companies to avail fast-track merger or amalgamation procedures, an amendment was made in the year 2021 in the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (CAA Rules) to extend the scope of fast-track process for merger/demergers between (a) two or more start-up companies and (b) one or more start-up company with one or more small company. Subsequently through amendment made in CAA Rules in September, 2024, merger of a transferor foreign company incorporated outside India being a holding company with the transferee Indian company being its wholly owned...