The principal object of Section 31A of the SARFAESI Act, 2002 is:
Section 31A gives the Central Government the "Power to exempt a class or classes of banks or financial institutions" by notification. Protection of good faith action is…
Choose your answer
The principal object of Section 31A of the SARFAESI Act, 2002 is:
Answer and explanation
Correct answer B
Section 31A gives the Central Government the "Power to exempt a class or classes of banks or financial institutions" by notification. Protection of good faith action is section 32, appeals are under section 18, and offences by companies section 33.