Notes on charges
This query is : Resolved
Nimitha K.R.
(Querist)
09 May 2018
Good afternoon all,
How to write a note on charges created in notes to accounts. Is there any standard sentence for fixed and floating charges created.
How to write a note on charges created in notes to accounts. Is there any standard sentence for fixed and floating charges created.
09 May 2018
No standard sentence. Facts should be drafted in brief without any ambiguity.
Eg:- First pari passu charge on all moveable and immoveable fixed assets
(both present and future) and second pari passu charge on all current assets
(both present and future) of the Company.
Eg:- First pari passu charge on all moveable and immoveable fixed assets
(both present and future) and second pari passu charge on all current assets
(both present and future) of the Company.
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