What is the meaning of floating charge on an asset? Can someone explain it to me in a simple way? It would be great if you can explain in Hindi. Thanku
Ek prakar ka 'adhikar' .. Loan denewala Ko kuch security chahiye .. Loan denewala (or debentureholder, in this case) ka adhikar hai Company ke - stock; Fixtures & Fittings; Cash; Unfactored debts ..
Agar company liquidate (bandh) Hota hai .. these Debentureholder ki recovery hogi .. by selling above assets