Accountancy, asked by maheshyedage619, 3 months ago

On cancellation of surrendered shares in a scheme of reconstruction​

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Answered by BoldTouch
26

Answer:

Significance of Internal Reconstruction Internal reconstruction is done by the company when: 1. There is an overvaluation of assets and undervaluation of liabilities. 2. There is a difficulty to meet the financial crisis and there are continuous losses.

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