Legal Question in Business Law in India
A floating charge remains dormant till it crystallizes..plz discuss this statement
Asked on 8/29/13, 9:53 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
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,
Answered on 8/30/13, 11:23 pm
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