Question

Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, which is passed by the parliament in August 2016 does not include provision for-

Amendment in SARFAESI Act 2002 includes making debenture trustees at par with secured creditors

A Including non-institutional investors investing in security deposits

B Bringing hire purchase, ﬁnancial lease and conditional sale under SARFAESI Act 2002

C Strengthening the regulation of ARCs by RBI, including powers to audit, inspect and change directors

D Making debenture trustees second to secured creditors

E According priority to secured creditors in repayment of debts over all other debts

More RBI Questions