Which of the following is not a case of combination?
A
External reconstruction
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B
Internal reconstruction
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C
Amalgamation
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D
Absorption
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Solution
The correct option is A Internal reconstruction Internal reconstruction refers to the method of corporate restructuring wherein existing company is not liquidated to form a new one. External reconstruction is one in which the company undergoing reconstruction is liquidated to take over the business of existing company. New company. No new company is formed.