Section 6 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security…
Section 6 is headed "Notice to obligor and discharge of obligation of such obligor": once notice of the acquisition is given, the obligor must pay the asset reconstruction…
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Section 6 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 deals with:
Answer and explanation
Correct answer B
Section 6 is headed "Notice to obligor and discharge of obligation of such obligor": once notice of the acquisition is given, the obligor must pay the asset reconstruction company. Acquisition of financial assets is section 5, issue of security receipts section 7, and the registration exemption section 8.