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    Question

    Which of the following is included in the definition of

    "securities" as per the SARFAESI Act?
    A Shares, scrips, and stocks of incorporated companies Correct Answer Incorrect Answer
    B Derivatives Correct Answer Incorrect Answer
    C Security receipts as defined under the SARFAESI Act, 2002 Correct Answer Incorrect Answer
    D Government securities Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Section 2 Definitions: (h) “securities” include— (i) shares, scrips, stocks, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate; (ia) derivative;(ib) units or any other instrument issued by any collective investment scheme to the investors in such schemes;] 10[(ic)security receipt as defined in clause (zg) of section 2 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002;] 11 [(id) units or any other such instrument issued to the investors under any mutual fund scheme;] 12(ii) Government securities; (iia) such other instruments as may be declared by the Central Government to be securities; and (iii) rights or interest in securities.

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