The principal purpose of Section 40 of the SARFAESI Act, 2002 is:
Section 40 addresses removal of implementation difficulties through gazetted orders consistent with the Act. Its proviso limits such orders to three years from commencement;…
Choose your answer
The principal purpose of Section 40 of the SARFAESI Act, 2002 is:
Answer and explanation
Correct answer B
Section 40 addresses removal of implementation difficulties through gazetted orders consistent with the Act. Its proviso limits such orders to three years from commencement; this is not an indefinite power to amend the statute. Sections 41, 38 and 39 address the other listed subjects.