Which of the following is the principal statutory purpose of Section 2 of the SARFAESI Act, 2002?
Section 2's principal statutory purpose is to define the expressions used throughout the Act, not to regulate registration, confer appellate jurisdiction, or prescribe…
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Which of the following is the principal statutory purpose of Section 2 of the SARFAESI Act, 2002?
Answer and explanation
Correct answer B
Section 2's principal statutory purpose is to define the expressions used throughout the Act, not to regulate registration, confer appellate jurisdiction, or prescribe penalties, which are dealt with in other sections.