<Li> Serious Fraud Investigation Office (clause 211) Statutory status to SFIO has been proposed . Investigation report of SFIO filed with the Court for framing of charges shall be treated as a report filed by a Police Officer . SFIO shall have power to arrest in respect of certain offences of the Bill which attract the punishment for fraud . Those offences shall be cognizable and the person accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause of the Bill . </Li> <Li> Fast Track Mergers: The Companies Act, 2013 has separate provisions of fast track merger under Section 233 of Companies Act, 2013 . These provisions are notwithstanding with the normal provisions of merger under Section 230 and 232 of this Act . Under fast track merger processes Central Government has the power to sanction all such scheme and there will be no requirement to approach National Company Law Tribunal (powers presently exercised by the High Court). </Li>

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