Section 31 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security…
Section 31 lists cases to which the Act's provisions "shall not apply", such as security interest in agricultural land and debts below the stated limits. The power to exempt…
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Section 31 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 deals with:
Answer and explanation
Correct answer B
Section 31 lists cases to which the Act's provisions "shall not apply", such as security interest in agricultural land and debts below the stated limits. The power to exempt classes of banks is section 31A, protection of good faith action section 32, and application of other laws section 37.