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प्रश्न
Justify the following statement.
The debentures are secured by a charge on assets of the company
टीपा लिहा
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उत्तर
Justification:
- Secured debentures are the debentures which are secured by some charge on the assets or property of the company.
- The charge may be either a fixed charge or a floating charge.
- In case of a fixed charge, specific assets are mortgaged as security for the debentures.
- Under floating charges, the debenture holders have a claim overall assets of the company.
Thus, it is rightly justified that, debentures are secured by a charge on assets of the company.
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