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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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