The principal object of Section 30A of the SARFAESI Act, 2002 is:
Section 30A confers the "Power of adjudicating authority to impose penalty" for the defaults it describes. The appeal by a person in default is section 30B, the Appellate…
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The principal object of Section 30A of the SARFAESI Act, 2002 is:
Answer and explanation
Correct answer B
Section 30A confers the "Power of adjudicating authority to impose penalty" for the defaults it describes. The appeal by a person in default is section 30B, the Appellate Authority is designated under section 30C, and recovery of penalties is section 30D.