During her eighth consecutive Union Budget speech, finance minister Nirmala Sitharaman announced on Saturday (February 1) that requirements and procedures for speedy approvals of company mergers will be rationalised.

“The scope of fast-track mergers will also be widened, and the process made simpler,” she said.

During her speech she also highlighted that the government will revamp the Central KYC Registry in 2025 to simplify KYC processes. Additionally, a streamlined system for periodic updates will be implemented to enhance efficiency and compliance.

The post appeared first on .