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    Question

    Which section of SARFAESI Act provides for registration

    of asset reconstruction company?
    A 3 Correct Answer Incorrect Answer
    B 4 Correct Answer Incorrect Answer
    C 5 Correct Answer Incorrect Answer
    D 6 Correct Answer Incorrect Answer
    E 7 Correct Answer Incorrect Answer

    Solution

    Section 3 - Registration of asset reconstruction companies—(1) No asset reconstruction company shall commence or carry on the business of securitisation or asset reconstruction without— (a) obtaining a certificate of registration granted under this section; and (b) having net owned fund of not less than two crore rupees or such other higher amount as the Reserve Bank, may, by notification, specify;

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