New Enroll in RBI Grade B New Batch - Starts on May 21

    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-
    A Including non-institutional investors investing in security deposits Correct Answer Incorrect Answer
    B Bringing hire purchase, financial lease and conditional sale under SARFAESI Act 2002 Correct Answer Incorrect Answer
    C Strengthening the regulation of ARCs by RBI, including powers to audit, inspect and change directors Correct Answer Incorrect Answer
    D Making debenture trustees second to secured creditors Correct Answer Incorrect Answer
    E According priority to secured creditors in repayment of debts over all other debts Correct Answer Incorrect Answer

    Solution

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

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