Which of the following statements is correct under Section 26A of the SARFAESI Act, 2002?
Section 26A is headed "Rectification by Central Government in matters of registration, modification and satisfaction, etc."; where an omission or mis-statement in filing was…
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Which of the following statements is correct under Section 26A of the SARFAESI Act, 2002?
Answer and explanation
Correct answer A
Section 26A is headed "Rectification by Central Government in matters of registration, modification and satisfaction, etc."; where an omission or mis-statement in filing was accidental or due to inadvertence, the Central Government may extend time or direct rectification. Inspection is section 26, reporting satisfaction section 25, and modification section 24.