Which of the following statements is correct according to the Preamble of the SARFAESI Act, 2002?
The long title identifies securitisation and reconstruction of financial assets and enforcement of security interests. Since2016 it also expressly includes a central…
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Which of the following statements is correct according to the Preamble of the SARFAESI Act, 2002?
Answer and explanation
Correct answer C
The long title identifies securitisation and reconstruction of financial assets and enforcement of security interests. Since2016 it also expressly includes a central database of property-related security interests. Other laws govern banking licensing, corporate insolvency and the establishment of debt-recovery Tribunals.