Sarfaesi act 2002

zahur (Querist) 12 December 2012 This query is : Resolved
Non Banking Finance Company (NBFC)use SARFAESI ACT 2002 for reduce N.P.A. case? N.B.F.C. is registration Mandatory for follow SARFAESI ACT 2002? If yes, than were is done registration? & what process?

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Devajyoti Barman (Expert) 12 December 2012
RBI grant license of NBFC.

Raj Kumar Makkad (Expert) 12 December 2012
SARFAESI Act is also available to NBFC and there is no need to get specific registration for this purpose and Act itself is clear in its approach.

zahur (Querist) 12 December 2012
SARFAESI ACT 2002 Sec. 3(2) Registration of securitisation companies or reconstruction companies Every securitisation company or reconstruction company shall make an
application for registration to the Reserve Bank in such form and manner as it may specify.

Raj Kumar Makkad (Expert) 12 December 2012
Zahur has cited correct rule position already contained in the Act.

zahur (Querist) 12 December 2012
how can processed?

Ms.Usha Kapoor (Expert) 11 July 2018
I( Agree with Makkad. and Barman.

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