Justify the following statement.A company has to create a charge on it – InterviewSolution

1.	Justify the following statement.A company has to create a charge on its asset for issuing secured debenture.
Answer» A debenture is a debt instrument, which helps the company to raise long-term loans. A secured debenture is a debenture against which a charge has been created. In case, if the company has failed to make redemption of debenture or interest, in that case by the order of NCLT, the charged asset can be realized by the company and dues can be settled. Thus, it is rightly said that a company has to create a charge on its asset for issuing secured debenture.

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