📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    According to the SARFAESI Act, what does "asset

    reconstruction company" mean?
    A A company registered with SEBI for the securitization of assets Correct Answer Incorrect Answer
    B A company that directly manages non-performing assets for banks Correct Answer Incorrect Answer
    C A company created by the government solely for debt recovery purposes Correct Answer Incorrect Answer
    D A company registered with the Reserve Bank of India under Section 3 to carry out the business of asset reconstruction or securitization, or both Correct Answer Incorrect Answer

    Solution

    Explanation:  Section 2 (ba) asset reconstruction company means a company registered with Reserve Bank under section 3 for the purposes of carrying on the business of asset reconstruction or securitisation, or both.

    Practice Next
    More Corporate Law Questions

    Relevant for Exams:

    ask-question