The power contemplated under Section 4 of the SARFAESI Act, 2002 relates to:
Section 4 empowers the Reserve Bank to cancel a "certificate of registration" granted to an asset reconstruction company, for example where it ceases to carry on asset…
Choose your answer
The power contemplated under Section 4 of the SARFAESI Act, 2002 relates to:
Answer and explanation
Correct answer B
Section 4 empowers the Reserve Bank to cancel a "certificate of registration" granted to an asset reconstruction company, for example where it ceases to carry on asset reconstruction. Grant of the certificate is under section 3, takeover of a borrower's management is a measure under section 13(4), and registration of security interests is under Chapter IV.