Budget 2025: Govt to rationalise procedures for speedy company mergers
ease of doing business. The proposal is part of the Union Budget for 2025-26 presented in the Parliament on Saturday.
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«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 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.
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