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1[An Act to regulate securitisation and reconstruction of financial assets and enforcement of security interest and to provide for a Central database of security interests created on property rights, and for matters connected therewith or incidental thereto.]
An Act to regulate securitisation and reconstruction of financial assets and enforcement of security interest and to provide for a Central database of security interests created on property rights, and for matters connected therewith or incidental thereto.
THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSESTS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002. (54 OF 2002) An Act to regulate securitisation and reconstruction of financial assets and enforcement of security interest and for matters connected therewith or incidental thereto.
वित्त आवि ों का प्रवि विक ण औ नर्गठन िथा प्रविवि विि का प्रििगन अविवन, 2002 (2002 का अविवन संख्ा ंक 54) [17 कदसं , 2002] 1[वित्त आवि ों क § प्रवि ¢विक ण औ ¡नर्गठन िथा प्रवि ¢वि वििों क § प्रििगन क « विवनव ि क न ...
Full text containing the act, Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, with all the sections, schedules, short title, enactment date, and footnotes.
An Act to regulate securitisation and reconstruction of financial assets and enforcement of security interest and for matters connected therewith or incidental thereto.
2002 to regulate securitisition and reconstruction of financial assets and enforcement of security interest and for matters connected therewith or incidental thereto.
India Code: Section Details. Section 1. Short title, extent and commencement. Previous Next. Show Related Subordinates. (1) This Act may be called the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. (2) It extends to the whole of India.
Sep 24, 2023 · Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act, 2002) Chapter-I Preliminary. Section-1 Short title, extent and commencement. Section-2 Definitions. Chapter-II Regulation of Securitisation and Reconstruction of Financial Assets of Banks and Financial institutions.
The SARFAESI Act was passed on December 17, 2002, in order to lay down processes to help Indian lenders recover their dues quickly. The SARFAESI Act essentially empowers banks and other financial institutions to directly auction residential or commercial properties that have been pledged with them to recover loans from borrowers.
