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These are debentures which are by a fixed or floating charge on the asset of the company.In such a case, security is given to the creditors for the payment of interest and repayment of capital.?
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These are debentures which are by a fixed or floating charge on the as...
There are types of debentures actually. whether security is given or not, it depends upon it.
1. secured debentures - which create a charge on the assets of the company, thereby mortgaging assets of the company.
2. unsecured debentures - which do not create charge on the assets of the company.
ncert pg no. 201
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These are debentures which are by a fixed or floating charge on the asset of the company.In such a case, security is given to the creditors for the payment of interest and repayment of capital.?
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