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Corporate Restructuring

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Corporate restructuring

Restructuring
The act or process of changing the terms on the assets and/or liabilities of a company. That is, a company may consolidate its debts, significantly change the size and scope of its operations, and take other measures to reduce the strain of continuing operation. Most companies restructure either as part of a bankruptcy or as an effort to avoid it. If the company is restructuring as part of a corporate bankruptcy, it is said to be in receivership.


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A listed company undergoing corporate restructuring ( amalgamation, merger or demerger) is required to mandatorily submit an auditors' certificate to the stock exchange to the effect that the accounting treatment followed in respect of financials contained in the scheme is in compliance with all the applicable accounting standards.
He considers justifications for and the philosophy behind corporate rescue laws, the main features of corporate restructuring law in the UK and Chapter 11 in the US, followed by specific aspects of Chapter 11 in comparison with UK law.
Muneeb Zia from Ministry of Finance presented the proposed structure and legislative design of Corporate Restructuring Companies (CRCs).
 
 
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