Answer-What is the correct full form of SARFAESI Act?

The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 SARFAESI Act is an Indian law. It allows banks and other financial institutions to auction residential or commercial properties of defaulters to recover loans without the intervention of the judiciary.

Question

What is the correct full form of SARFAESI Act?

A Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act

B Securitisation and Recovery of Financial Assets and Enforcement of Security Interest Act

C Securitisation and Recovery of Financial Assets and Enforcement of Stakeholders’ Insolvency Act

D Securitisation and Restructuring of Financial Assets and Enforcement of Stakeholders’ Insolvency Act

E Securitisation and Restructuring of Financial Assets and Enforcement of Security Interest Act

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What is the correct full form of SARFAESI Act?

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