The statutory power conferred under Section 12 of the SARFAESI Act, 2002 enables the Reserve Bank to:
Section12 authorises RBI policy and directions concerning reconstruction companies. It is not the statutory authority for an appellate remedy, a reconstruction company's…
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The statutory power conferred under Section 12 of the SARFAESI Act, 2002 enables the Reserve Bank to:
Answer and explanation
Correct answer A
Section12 authorises RBI policy and directions concerning reconstruction companies. It is not the statutory authority for an appellate remedy, a reconstruction company's asset acquisition or a secured creditor's possession measure. Other capacities a regulator may possess under other laws do not change this section's function.