Q. Negative lien means - (Solved)
1. a declaration by a company not to encumber assets of the company without previous consent of banker
2. deposit of title deeds with the bank with an oral declaration to mark bank's lien
3. a lien letter execut
4. by the company authorising the bank to mark lien on its fixed deposit receipt
- a. a declaration by a company not to encumber assets of the company without previous consent of banker