Maharashtra State BoardHSC Commerce 12th Board Exam
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Explain the following term/concept.Charge on assets. - Secretarial Practice

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Short Note

Explain the following term/concept.
Charge on assets.

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Solution

(1) Company has to create a charge on the assets of the company or its subsidiary company or holding company. The value of charge should be sufficient for the repayment of the amount of debentures and interest thereon.
(2) If a Government company issues secured debentures which has Central or State Government's guarantee, then it need not create any charge on its assets.

Concept: Debentures Trustees
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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 4 Issue of Debentures
Exercises | Q 2. 3. | Page 78
SCERT Maharashtra Question Bank 12th Standard HSC Secretarial Practice Maharashtra State Board 2022
Chapter 4 Issue of Debentures
Explain the following terms/concepts | Q 2
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