Which of the following best reflects the purpose of Section 12A of the SARFAESI Act, 2002?
SARFAESI s.12A's purpose is to let the Reserve Bank call for statements and information from asset reconstruction companies, distinct from registration or enforcement…
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Which of the following best reflects the purpose of Section 12A of the SARFAESI Act, 2002?
Answer and explanation
Correct answer B
SARFAESI s.12A's purpose is to let the Reserve Bank call for statements and information from asset reconstruction companies, distinct from registration or enforcement provisions elsewhere in the Act.