Question

Which section of SARFAESI Act provides for registration of asset reconstruction company?

Q: Answer-Which section of SARFAESI Act provides for registration of asset reconstruction company?

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.