Budget 2025: Nirmala Sitharaman Simplifies Procedures For Speedy Company Mergers

Budget 2025: Nirmala Sitharaman simplifies procedures for speedy company mergers

Suggests streamlining the system for periodic updating

While presenting the Union Budget 2025-26, the Minister of Finance and Corporate Affairs, Nirmala Sitharaman said that the government planned to rationalize the procedures for company mergers, making the process quicker and simpler.

It would include the Jan Vishwas Bill 2.0, wherein over 180 legal provisions under the Jan Vishwas Act, 2023, would be decriminalized and a revamped Central (KYC) Registry introduced.

“The requirements and procedures for speedy approval for merger of companies will ease in doing business,” she said in the Parliament.

"We will also implement a streamlined system for periodic updating," the minister added. Meanwhile, the Institute of Company Secretaries of India (ICSI) described the budget as a balanced and transformative financial blueprint to foster long-term economic growth, sustainability, and inclusive prosperity.

In its release, the ICSI stated, "Rationalisation of requirements for speedy company mergers, rationalization of TDS/TCS, measures for encouraging voluntary compliance reflects a lot of business ease.”

It said that a key priority of the budget was to expand social welfare programs and vulnerable communities, including increased funding for education, healthcare, and housing.