The principal legislative object of Section 23 of the SARFAESI Act, 2002 is:
Section 23 provides for "Filing of transactions of securitisation, reconstruction and creation of security interest" with the Central Registrar. The Central Registry is set…
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The principal legislative object of Section 23 of the SARFAESI Act, 2002 is:
Answer and explanation
Correct answer A
Section 23 provides for "Filing of transactions of securitisation, reconstruction and creation of security interest" with the Central Registrar. The Central Registry is set up under section 20, the Central Registrar is appointed under section 21, and the Appellate Tribunal's jurisdiction comes from section 18.