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The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

61 sections · 7 chapters · 1 schedules

- Section 1 Short title, extent and commencement.
- Section 2 Definitions.
Schedule 1 THE SCHEDULE.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

Finance2002Central Act

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

An Act to regulate securitisation and reconstruction of financial assets and enforcement of security interest and to provide for a Central database of security interests created on property rights, and for matters connected therewith or incidental thereto.

Administered by Department of Financial Services· Ministry of Finance

7

Chapters

0

Parts

1

Schedules

61

Sections

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Chapter I— PRELIMINARY

Section 1
Section 2

Chapter II— REGULATION OF SECURITISATION AND RECONSTRUCTION OF FINANCIALASSETS OF BANKS AND FINANCIALINSTITUTIONS

Section 3
Section 4
Section 5
Section 5A
Section 6
Section 7
Section 8
Section 9
Section 10
Section 11
Section 12
Section 12A
Section 12B

Chapter III— ENFORCEMENT OF SECURITY INTEREST

Section 13
Section 14
Section 15
Section 16
Section 17
Section 17A
Section 18
Section 18A
Section 18B
Section 18C
Section 19

Chapter IV— CENTRAL REGISTRY

Section 20
Section 20A
Section 20B
Section 21
Section 22
Section 23
Section 24
Section 25
Section 26
Section 26A

Chapter IVA— REGISTRATION BY SECURED CREDITORS AND OTHER CREDITORS

Section 26B
Section 26C
Section 26D
Section 26E

Chapter V— OFFENCES AND PENALTIES

Section 27
Section 28
Section 29
Section 30
Section 30A
Section 30B
Section 30C
Section 30D

Chapter VI— MISCELLANEOUS

Section 31
Section 31A
Section 32
Section 33
Section 34
Section 35
Section 36
Section 37
Section 38
Section 39
Section 40
Section 41
Section 42