https://www.taxtmi.com/manuals?id=610 Reconstruction allows judicially sanctioned compromises or arrangements to effect winding up of an existing company and transfer of its assets and liabilities to a new successor company, with shareholders substituted in the new entity, provided the memorandum authorises reconstruction. A reverse merger is an amalgamation where a profitable company merges into a loss making company to obtain tax relief by carrying forward losses, subject to eligibility, exclusion of trading/services, depreciation rules, specified authority recommendation, survival of the sick company, and public interest safeguards. en-us Thu, 31 May 2012 15:24:00 +0530 Thu, 07 Jun 2012 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=610 Reconstruction allows judicially sanctioned compromises or arrangements to effect winding up of an existing company and transfer of its assets and liabilities to a new successor company, with shareholders substituted in the new entity, provided the memorandum authorises reconstruction. A reverse merger is an amalgamation where a profitable company merges into a loss making company to obtain tax relief by carrying forward losses, subject to eligibility, exclusion of trading/services, depreciation rules, specified authority recommendation, survival of the sick company, and public interest safeguards. Manuals Companies Law Thu, 31 May 2012 15:24:00 +0530 https://www.taxtmi.com/manuals?id=610