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Distinguish between internal and external reconstruction of a company?
internal reconstruction no new company is formed in external reconstruction an existing company is dissolved and a new company is formed with the same shareholdders. there will be absence of liquidation expenses in internal reconstruction. liquidation expenses is present in external reconstruction.
Distinguish between internal and external reconstruction of?
Internal Reconstruction: 1. No new company is formed. The existing company continues as a going concern; 2. The ailing company will not gove ito liquidation under the capital reduction scheme and 3. Involves complying the requirements under the Companies Act. External Reconstruction:- 1. A new company is formed by the existing shareholder of the old company to take over the assets and liabilities; 2. The ailing company goes into liquidation and 3. There is no need to comply with particular clause in the Companies Act. Anonymous regards Bhimireddy
What is external reconstruction?
It is similar to amalgamation though not exactly the same. In external reconstruction a new company is formed for the purpose of taking over the business of an existing sick company which has incurred huge losses and is facing financial difficulties. Existing company is wound up by selling its business to the newly formed company which is generally similarly named and owned by the same shareholders to a great extent.http://wiki.answers.com/What_is_external_reconstruction_of_companies_in_accounting#ixzz1aT6UQ0cI
What is external reconstruction of companies in accounting?
It is similar to amalgamation though not exactly the same. In external reconstruction a new company is formed for the purpose of taking over the business of an existing sick company which has incurred huge losses and is facing financial difficulties. Existing company is wound up by selling its business to the newly formed company which is generally similarly named and owned by the same shareholders to a great extent.
What was radical reconstruction plan?
The Radical Reconstruction plan was a strict plan formed by the Radical Republicans.They wanted to have a very strict plan for reconstruction in the south.Read more: What_is_the_radical_reconstruction_plan
What racist group formed during the Reconstruction?
Ku Klux Klan...
What groups formed republican alliance in the south during reconstruction?
The whigs
What group formed the backbone of the Republican Party in the South during Reconstruction?
the carpetbaggers
Why did the Ku Klux Klan form in the Reconstruction Era?
The Ku Klux Klan formed in the reconstruction era because the white southerners now felt out of power.
What anti black group formed in the south in response to many of the reconstruction policies?
KKK
Difference between amalgamation and absorption and external reconstruction?
1.Definition amalgamation where two or more companies doing similar business go into liquidation and a new company is formed . Absorption when existing company purchase another existing company is known as absorption.
What were two positive outcomes of the reconstruction?
Ku Klux Klan was formed to kill all the blacks.
