Question
Section 8 of the SARFAESI Act grants an exemption to
security receipts from compulsory registration requirements under Section 17(1) of which Act?Solution
Section 8 of the SARFAESI Act provides that, notwithstanding anything contained in sub-section (1) of section 17 of the Registration Act, 1908, two categories of instruments shall NOT require compulsory registration: (a) any security receipt issued by an ARC under Section 7(1) that does not create, declare, assign, limit or extinguish any right, title or interest in immovable property (except in so far as it entitles the holder to an undivided interest afforded by a registered instrument); and (b) any transfer of security receipts. Section 17(1) of the Registration Act, 1908 normally mandates compulsory registration of documents creating rights in immovable property. Section 8 of SARFAESI carves out security receipts from this requirement, facilitating the securitisation market.
Among the following cereals, which has the lowest protein content:
Which Indian institution is recognized as the apex body for coordinating horticultural research in India?
Tillering habit is more common is cereals except
With reference to organic farming in India, consider the following statements:
1.Sikkim is the first organic state in the world.
2.India r...
Which of the following cell organelles are concerned with glyoxylate metabolism?
Yellow vein mosaic disease of okra is a viral disease.
Which of the following insects spreads the disease?
Match List-I with List-II and select the correct answer using the codes given below the list.
Transfer of information from DNA to mRNA is called
Which of the following is considered as power house of the cell?
What is the meaning of the term vigor in seed propagation?
