Question

What is internal reconstruction

Answer 1

Answer:

it is an arrangement made by the companies whereby the claims of. shareholders, debenture holders, creditors and other liabilities are altered/ reduced, so that the accumulated loss are written off, asset are valued at its fair.

Answer 2

Internal reconstruction = It is an arrangement made by the companies whereby the claims of shareholders , debenture holder , creditors and others liabilities are altered / reduce , so that the accumulated loss are written off , assest and valued at it's fair .

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