ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Which section of SARFAESI Act provides for registration

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

    Solution

    Section 3 - Registration of asset reconstruction companiesтАФ (1) No asset reconstruction company shall commence or carry on the business of securitisation or asset reconstruction withoutтАФ (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.

    Practice Next
    More Other Laws and Acts Questions

    Relevant for Exams:

    ask-question