The statutory register maintained under Section 22 of the SARFAESI Act, 2002 relates to:
Section22 requires the Central Register for the financial-asset and security transactions specified by the Act. A company's security may appear there as well as in a…
Choose your answer
The statutory register maintained under Section 22 of the SARFAESI Act, 2002 relates to:
Answer and explanation
Correct answer B
Section22 requires the Central Register for the financial-asset and security transactions specified by the Act. A company's security may appear there as well as in a Companies Act register; the two systems should not be treated as mutually exclusive.