law: Companies Act, 2013 
  332.
  
    Effect
  
  of floating charge.
  Where
  
  a company is being wound up, a floating charge on the undertaking or property
  
  of the company created within the twelve months immediately preceding the
  
  commencement of the winding up, shall, unless it is proved that the company
  
  immediately after the creation of the charge was solvent, be invalid, except
  
  for the amount of any cash paid to the company at the time of, or subsequent to
  
  the creation of, and in consideration for, the charge, together with interest
  
  on that amount at the rate of five per cent. per annum or such other rate as
  
  may be notified by the Central Government in this behalf.