Section 7 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security…
Section 7 is headed "Issue of security by raising of receipts or funds by asset reconstruction company"; it lets the company raise funds from qualified buyers by issuing…
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Section 7 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 deals with:
Answer and explanation
Correct answer B
Section 7 is headed "Issue of security by raising of receipts or funds by asset reconstruction company"; it lets the company raise funds from qualified buyers by issuing security receipts. The registration exemption is section 8, notice to the obligor section 6, and other functions section 10.