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Central Registry of Securitization Asset Reconstruction and Security Interest(CERSAI) is under which provision?
- a)SEBI Act,1992
- b)SARFAESI Act,2002
- c)RBI Act,1934
- d)Banking Regulation Act,1949
- e)Negotiable Instruments Act,1881
Correct answer is option 'B'. Can you explain this answer?
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Central Registry of Securitization Asset Reconstruction and Security I...
SARFAESI ( Securitization and reconstruction of financial assets and enforcement of security interest act )- It is the act that passed in the Indian parliament in the year 2002 which provides rights to banks to cover their outstanding amount of loan through the borrower assets.
- It is not applied to Agricultural land.
- It is not applied when the outstanding amount is less than Rs.1 lakh or less than 20%.
CERSAI is a Government of India company, licensed under section 8 of the Companies Act, 2013. Its Registered Office is in New Delhi.
The company has been incorporated with a majority shareholding of the Central Government, Public Sector Banks and National Housing Bank initially for the purpose of operating a Registration System under the provisions of Chapter IV of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).
The importance of the Security Interest Registry and its contribution To the Ease of Doing Business (EoDB) score of the country under the sub-head Getting Credit has been significant.
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Central Registry of Securitization Asset Reconstruction and Security Interest(CERSAI) is under which provision?a)SEBI Act,1992b)SARFAESI Act,2002c)RBI Act,1934d)Banking Regulation Act,1949e)Negotiable Instruments Act,1881Correct answer is option 'B'. Can you explain this answer?
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Central Registry of Securitization Asset Reconstruction and Security Interest(CERSAI) is under which provision?a)SEBI Act,1992b)SARFAESI Act,2002c)RBI Act,1934d)Banking Regulation Act,1949e)Negotiable Instruments Act,1881Correct answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Central Registry of Securitization Asset Reconstruction and Security Interest(CERSAI) is under which provision?a)SEBI Act,1992b)SARFAESI Act,2002c)RBI Act,1934d)Banking Regulation Act,1949e)Negotiable Instruments Act,1881Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Central Registry of Securitization Asset Reconstruction and Security Interest(CERSAI) is under which provision?a)SEBI Act,1992b)SARFAESI Act,2002c)RBI Act,1934d)Banking Regulation Act,1949e)Negotiable Instruments Act,1881Correct answer is option 'B'. Can you explain this answer?.
Central Registry of Securitization Asset Reconstruction and Security Interest(CERSAI) is under which provision?a)SEBI Act,1992b)SARFAESI Act,2002c)RBI Act,1934d)Banking Regulation Act,1949e)Negotiable Instruments Act,1881Correct answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Central Registry of Securitization Asset Reconstruction and Security Interest(CERSAI) is under which provision?a)SEBI Act,1992b)SARFAESI Act,2002c)RBI Act,1934d)Banking Regulation Act,1949e)Negotiable Instruments Act,1881Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Central Registry of Securitization Asset Reconstruction and Security Interest(CERSAI) is under which provision?a)SEBI Act,1992b)SARFAESI Act,2002c)RBI Act,1934d)Banking Regulation Act,1949e)Negotiable Instruments Act,1881Correct answer is option 'B'. Can you explain this answer?.
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