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Helix Sdn Bhd has applied for a loan of MI million from Rich Bank. The bank requires Helix Sdn Bhd to issue a Debenture creating

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Helix Sdn Bhd has applied for a loan of MI million from Rich Bank. The bank requires Helix Sdn Bhd to issue a Debenture creating a xed and oating charge over all its movable and immovable assets. With reference to the Companies Act 2016, explain the following. (a) The company does not have a Constitution. How should the Debenture document be executed? (b) The nature of a oating charge and the events that may trigger an 'automatic crystallization clause' of the oating charge (25 marks)

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