Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
SARFAESI Act 2002
#1
SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST (SARFAESI ACT 2002)

this act is very important for exam point of view so here i m describing some important point

important activities in the credit market of this act

* securitisation of financial assets
* reconstruction of financial assets
*recognition of any interest created in the security for due payment of a loan as a security interest

* this act extends to whole india including the state of jammu & kashmir
* applicable to housing finance companies whose names are notified bye the central govt
* it is effective from 21 june 2002
* it applies for loans and securities created prior to the act coming into operation of the act

* after Mardia chemical case the amendment made in the SARFAESI Act stipulates deposit of 50% amount before preferring the appeal to DRT (Debt Recovery Tribunal )

* SARFAESI act is not applicable of RRBs
Reply
#2
GOOD JOB SEEMA_BOB
Reply
#3
or kya kya important hai is act me seema ji
Reply
#4
these are the main points about this act, if you have more please share
Reply




Users browsing this thread: 1 Guest(s)