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Difference between amalgamation and external reconstruction?
Difference between Amalgamation and ReconstructionDifference between Amalgamation and ReconstructionThe difference between amalgamation and reconstruction is that amalgamation involves the blending of two or more different concerns, and not merely the continuance of one concern; reconstruction implies the carrying on of an existing business in some altered form, so that persons interested in the business may remain substantially the same.(b) Dissenting ShareholderIn relation to a take-over bid, 'dissenting shareholder' means a shareholder who has not assented to the scheme or contract and any shareholder who has failed or refused to transfer his shares to the transferee company in accordance with the scheme or contract [Sec. 395(5)].Thus, a shareholder can be called a 'dissenting shareholder' when he has not assented to the scheme or contract and any shareholder who has failed or refused to transfer his shares to the transferee company in accordance with the scheme or contract.ReconstructionlAmalgamationby Sale of Shares [Section 395]Sale of shares is the simplest process of amalgamation or take-over. It involves take-over without following the Court procedure under Sections 391 and 394. Shares are sold and registered in the name of the purchasing company or on its behalf. The selling shareholders receive either compensation or shares in the acquiring company. In case certain shareholders dissent, section 395 contains provisions for the compulsory acquisition by the transferee company of shares of the dissenting minority. The shares may be acquired on the same terms on which the shares of the approving shareholders are to be transferred to it. This will prevent the minority shareholders from demanding too high a price for their shares.Secti0!l 395 lays down as follows:1. Where the transferee company has offered to acquire the shares or any class of shares of the transferor company, the scheme or contract embodying such offer has to be approved by the shareholders concerned within four months. The approval must be given by the holders of not less than 9 /lOths in value of the shares whose transfer is involved. In computing 9/10ths value of shares, the shares already held by the transferee company or its nominee or subsidiary are excluded.2. If the offer is approved, the transferee company may, at any time within two months of the expiry of the said four months, give a notice to the dissenting shareholders that it desires to acquire their shares. The transferee company is entitled and bound to acquire the shares of dissenting shareholders on the same terms on which the shares of approving shareholders were approved unless on the application of the dissenti~$ shareholders within one month of such notice, the Court orders otherwise.3. If the transferee company already holds in the transferor company shares ofthe class whose transfer is involved, to a value more than l/lOth of the total. (1983J 140 ITR (St.) 2... The transferee company need not wait for the expiry period of four months for serving notice on thedissentient shareholders to acquire the shares-Western Manufacturing (Reading) Ltd., In re [1955J 3 AI
What is the first step in performing an autopsy?
The first step in performing an autopsy is to carefully document and examine the external features of the body, including any injuries or markings present. This initial external examination helps establish a baseline for further internal examination and provides important information for the autopsy report.
What issues emerge in this case in terms of communicating change with the outside world?
Inadequate communication about the change can lead to confusion, rumors, and resistance from stakeholders. Lack of transparency may result in loss of trust and credibility with external parties. Failure to effectively convey the rationale and benefits of the change can hinder support and cooperation from the external world.
What is the answer to the 9th question on the 1st scavenger hunt on cde?
I do not have access to external websites or specific content like scavenger hunt questions. You may need to refer back to the specific scavenger hunt or source where you found the questions for the answer.
Which archetype does the myth of Pyramus and Thisbe represent?
The myth of Pyramus and Thisbe is often seen as representing the archetype of forbidden love, miscommunication, and tragic fate. It explores the themes of love thwarted by external forces, the consequences of misunderstandings, and the ultimately tragic outcomes of these circumstances.
What is amalgamation and absorption and external reconstruction in accounting?
Absorption:It is the process in which one existing company takes over the other existing company and merge together as a single unit.Amalgamation:It is the process in which two or more existing companies joins together and start new company with new name and identity and dissolves the existing companies.External Reconstruction:It is the process in which one existing company reconstruct itself with new name and identity.
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.
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 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 process of external recontruction?
"External reconstruction" means repairing the outer wall of something.
Which costing method is used for external reporting purpose?
absorption costing
What is the difference between external and internal communications?
What is the difference between external and internal communications
What is the difference between external and internal indicator?
what is the difference between the external & internal indicator
What is Difference between internal and external indicators?
what is the difference between the external & internal indicator
What is the difference between wicking and absorption?
Wicking is the ability of a material to draw liquid away from its surface, spreading it throughout the material. Absorption is the process by which a material takes in and retains liquid within its structure. In essence, wicking involves the movement of liquid through a material, while absorption involves the retention of liquid within a material.
Distinguish between internal and external reconstruction?
INTERNAL RECONSTRUCTION- when the name of the co. remain as before but changes are made in assets and liabilities of the co. and entries are made in the books of the co. of such changes and balance sheet is amended it is called internal reconstruction. EXTERNAL RECONSTRUCTION- when such heavy changes are not possible or new capital is to be issued or there is much dissent among shareholders or by changing the name of the co. , an effort is made to give new life to the co. the co. is liquidated and a new co. is formed to purchase the assets and liabilities of old co. ,it is called external reconstruction.
What is the difference between external and internal stimuli?
internal is in and external is out
