Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act ,2002 |
Act No : 54 of 2002 |
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Contents of Act: |
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SECTION( 9. ) Measures for assets reconstruction. | |
SECTION( 10. ) Other functions of securitisation company or reconstruction company. | |
SECTION( 11. ) Resolution of disputes. | |
SECTION( 12. ) Power of Reserve Bank to determine policy and issue directions. | |
SECTION( CHAP ) ENFORCEMENT OF SECURITY INTEREST | |
SECTION( 13. ) Enforcement of security interest. | |
SECTION( 14. ) Chief Metropolitan Magistrate or District Magistrate to assist securedcreditor in taking possession of secured asset. | |
SECTION( 15. ) Manner and effect of take over of management. | |
SECTION( 16. ) No compensation to directors for loss of office. | |
SECTION( 17. ) Right to appeal. |