Skip to content

CS Professional · Corporate Restructuring, Valuation and Insolvency · Fast Track Mergers

Sunrise Plastics Ltd and its wholly owned subsidiary have filed their approved merger scheme under the fast track route with the Central Government, the Regional Director, the Registrar and the Official Liquidator. Within what period from receipt of the scheme must the Central Government either register it or, if it has objections, file an application before the Tribunal?

The Central Government has 60 days from receiving the scheme to register it or to file an application before the Tribunal. The 30-day period is for objections or suggestions from the Registrar and Official Liquidator on the notice, not for the Government's decision.

  1. A30 days
  2. B45 days
  3. C60 daysCorrect
  4. D90 days

Explanation

Under the fast track procedure, the Central Government, acting through the Regional Director, has 60 days from receipt of the scheme to register it or to apply to the Tribunal. The 30-day period applies to the Registrar and Official Liquidator to give objections or suggestions on the notice. It does not apply to the Central Government's decision.

Did you get it right without looking?

One question tells you little. A timed set on Fast Track Mergers shows your real accuracy, how long you take and where you lose marks.

Practise Fast Track MergersFree diagnostic mock

More Fast Track Mergers questions