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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CHAPTER I. PRELIMINARY | |
SECTION 1. Short title, extent and commencement. | |
SECTION 2.Definitions. | |
CHAPTER II. REGULATION OF SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS OFBANKS AND FINANCIAL INSTITUTIONS | |
SECTION 3. Registration of securitisation companies or reconstruction companies. | |
SECTION( 4. ) Cancellation of certificate of registration. | |
SECTION( 5. ) Acquisition of rights or interest in financial assets. | |
SECTION( 6. ) Notice to obligor and discharge of obligation of such obligor. | |
SECTION( 7. ) Issue of security by raising of receipts or funds by securitisationcompany or reconstruction company. | |
SECTION( 8. ) Exemption from registration of security receipt. |