The document summarizes Naved Ahmad's seminar on carbocations, which are reactive intermediates formed through heterolytic cleavage. It discusses the generation, structure, stability and reactivity of carbocations, noting that tertiary carbocations are the most stable due to inductive and hyperconjugative effects. Examples of carbocation rearrangements like the pinacol and pinacolone rearrangements are provided to illustrate their reactivity.