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The question below is Malaysia Company Law. Rolling Son. Bhd. the company intends to raise its capital to expand its business. June and Casey who

The question below is Malaysia Company Law.

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Rolling Son. Bhd. "the company" intends to raise its capital to expand its business. June and Casey who are both creditors of the company was issued a debenture with a charge on the company's stocks in warehouse on the 16 of April 2019 and the company's shophouse on the 19 of May 2019 respectively. Rolling Sdn. Bhd. has been faced with some financial constraints and as such has drifted into liquidation. With reference to the above facts, advise June and Casey of the following: (a) Explain what a debenture is with reference to the Companies Act 2016 (5 marks) (b) Explain the nature of charges that was issued by Rolling Son. Bhd. to June and Casey. (15 marks) (c) June and Casey seeks your advise in relation to the priorities of their charges. Both these charges were not registered. Would your answer differ if the charge held by Casey was registered on the 20th of May? (15 marks)

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