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Answer in one sentence.When does a company create charge on it’s tangible assets? - Secretarial Practice

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Question

Answer in one sentence.
When does a company create charge on it’s tangible assets?

One Line Answer
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Solution

Company create charge on assets when company wants to issue secured debentures or deposits.

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Terms and Conditions for Acceptance of Deposits
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Chapter 5: Deposits - Exercises [Page 91]

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