Hassan Textile Mills Limited (‘HTML) is in the process of expansion to finance and has requested a loan facility of rupees 5,000,000 from Barons Bank (‘Bank’). As a security for the requested loan facility, HTML has offered to create an unregistered charge in the Bank’s favour on the entire stock of cotton bales in HTML’s warehouse. The extension of this loan facility is under consideration by the Bank’s management. You have been approached by the Bank’s management for advice.Required:Under the Companies Ordinance, 1984, advise the Bank with regard to the creation of charges over a company’s assets. (10 marks)