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of <h1>Restructuring via reconstruction and reverse mergers under Companies Act, 1956; tax benefits under Section 72A Income Tax Act.</h1> Corporate restructuring involves reconstruction and reverse mergers under the Companies Act, 1956. Reconstruction entails winding up an existing company and transferring its assets and liabilities to a new company, with shareholders maintaining their stakes. Reverse mergers involve a healthy company merging with a financially weaker one, primarily for tax benefits under Section 72A of the Income Tax Act. This allows the profitable company to utilize the losses of the weaker entity. The merger should not involve firms or sole proprietorships and must be in public interest, safeguarding stakeholders' interests while ensuring compliance with legal requirements.
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