PEC16

关于PEC16的思维导图，介绍了 Loan capital、Charges的知识。

Loan capital

• Loan capital
  • borrowing power and loan capital
    • all companies registered purposes to trade and business
    • unenforceable
      • ultra vire purpose越权目的
      • directors exceed borrowing powers or have no powers to borrow
    • however
      • lender债权人 enforce
      • contract within the company beyond the directors ratify the loan contract
    • loan capital借贷资本
      • long-term borrowing
      • must be repaid
      • wind up清算是 return to shareholders
  • Debentures
    • definition
      • a form of loan capital
    • types
      • a single debenture
      • debentures issued as a series
        • pari passu平等地位
      • debenture stock
        • debenture trust deed债券信托契约
        • 可交易，可不交易
      • 债券清算要还 股票清算不还
      • 详细看6点
    • rights of debentureholders
      • debentureholder VS shareholder
      • common
        • long-term
        • issue procedure much the same
        • procedure for transfer same
      • difference
• Charges
  • types
    • fixed charges
      • specific assets
      • may not be disposed of by the company
      • default, holder sell
      • 清算时rank first
    • floating charges
      • not specific assets
      • crystallising event
        • occurs when floating converted into fixed
        • include
          • unable to pay
          • a recever is appointed
          • company ceases business
          • company goes into liquidation
    • identification of charges as fixed or floating
    • comparison of fixed and floating charges
      • ADV of floating charge
        • easier to realise
  • priority
    • registration
      • within 21 days
      • 21天内registered, effective from date of creation
      • late will only be registered to the extend that do not prejudice rights
    • priority
      • fixed before floating 4点
      • negative pledge clausesNPC floating签署，固在浮之后
    • sale of charged assets
    • rights of secured debentureholders
    • rights of unsecured debentureholders

Loan capital

• Loan capital
  • borrowing power and loan capital
    • all companies registered purposes to trade and business
    • unenforceable
      • ultra vire purpose越权目的
      • directors exceed borrowing powers or have no powers to borrow
    • however
      • lender债权人 enforce
      • contract within the company beyond the directors ratify the loan contract
    • loan capital借贷资本
      • long-term borrowing
      • must be repaid
      • wind up清算是 return to shareholders
  • Debentures
    • definition
      • a form of loan capital
    • types
      • a single debenture
      • debentures issued as a series
        • pari passu平等地位
      • debenture stock
        • debenture trust deed债券信托契约
        • 可交易，可不交易
      • 债券清算要还 股票清算不还
      • 详细看6点
    • rights of debentureholders
      • debentureholder VS shareholder
      • common
        • long-term
        • issue procedure much the same
        • procedure for transfer same
      • difference
• Charges
  • types
    • fixed charges
      • specific assets
      • may not be disposed of by the company
      • default, holder sell
      • 清算时rank first
    • floating charges
      • not specific assets
      • crystallising event
        • occurs when floating converted into fixed
        • include
          • unable to pay
          • a recever is appointed
          • company ceases business
          • company goes into liquidation
    • identification of charges as fixed or floating
    • comparison of fixed and floating charges
      • ADV of floating charge
        • easier to realise
  • priority
    • registration
      • within 21 days
      • 21天内registered, effective from date of creation
      • late will only be registered to the extend that do not prejudice rights
    • priority
      • fixed before floating 4点
      • negative pledge clausesNPC floating签署，固在浮之后
    • sale of charged assets
    • rights of secured debentureholders
    • rights of unsecured debentureholders