Reconstruction is a company transfers its undertaking and its assets to a new company in consideration of the issue of the new company's shares to the first company's members. If the first company members debentures are not paid off, the new company should give the debentures to the respective holders and thus the first company would loose the identity.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). reconstruction. Retrieved September 21, 2026, from http://smartdefine.org/reconstruction/definitions/1161935 |
| Chicago | Barry Goldsmith. 2010. "reconstruction" http://smartdefine.org/reconstruction/definitions/1161935 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, reconstruction, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/reconstruction/definitions/1161935>. |
| MLA | Barry Goldsmith. "reconstruction" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/reconstruction/definitions/1161935> |