Corporate restructuring is a collective term for a variety of different business transactions. Mergers, amalgamations, acquisitions, compromises, arrangement or reconstruction are all different forms of corporate restructuring exercises in the corporate world. Insolvency is a term used when an individual or organization can no longer meet its financial obligations with its lender or lenders as debts become due. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they come due. Winding up is the method of ending, or dissolving, a business. The winding up activity includes selling all assets, paying off creditors, and distributing remaining assets to the partners or shareholders.

Corporate restructuring, Insolvency and winding up are core areas of Practice for a Company Secretary. Expert level knowledge in this field is expected out of students.After having studied in-depth about corporate laws, at this level you will be able to understand concepts of corporate restructuring better and will be able to analyse and apply the legal implications.