Reconstruction of a company takes place when
(i) The company is undercapitalized
(ii) Company has incurred heavy losses which must be written off
(iii) The company is overcapitalized
Which one of the following is correct ?
1
(i) and (iii) only
2
(i) and (ii) only
3
(i), (ii) and (iii)
4
(ii) and (iii) only