alleryStart learning →Section 232 applies to reconstruction involving
AFresh rights issue only
BBuy-back of shares only
CVoluntary winding up only
DMerger or amalgamation
Answer & Solution
Correct answer: D. Merger or amalgamation
Section 232 deals with schemes of reconstruction involving merger or amalgamation of two or more companies.
Keep practising Internal Reconstruction Sections
Browse all Internal Reconstruction Sections questions for CA Inter, or explore more Accounting topics.
Related questions
In accounting, share capital equals the nominal value ofIn debt restructuring, obligations are typically spread overMalaysia's scheme of arrangement provision is in which section of its 2016 Act?UK schemes of arrangement are found in which Part of the Companies Act 2006?Canada's plan of arrangement: section 192 of which Act?Australian schemes of arrangement are located in which Act?A court-approved agreement between a company and its shareholders or creditors is aProvision for dissenting members under a merger order is made by the