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Legal Question

Asked on: 8/29/13, 9:53 am

A floating charge remains dormant till it crystallizes..plz discuss this statement

1 Answer


Answered on: 8/30/13, 11:23 pm by Fca Prashant Chavan

31.08.2013

Dear Sir / Madam,

Debentures issued by a Company are a best example of "floating charge". The charge remains dormant till the due date of repayment of the debentures.

Regards,


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