Which of the following are true in case of Internal Reconstruction?
A. The existing company is liquidated
B. No new company is formed
C. There is certain reduction of capital and sometime liabilities are also reduced
D. The new company issues fresh capital
E. It is done as per section 66 of the Companies Act, 2013
Choose the correct answer from the options given below:
1
A, D & E only
2
A, C & E only
3
B, C & E only
4
B, C & D only