Which of the following statements is correct under Section 30 of the SARFAESI Act, 2002?
Section 30 is headed "Cognizance of offences" and limits which courts may take cognizance of and try offences under the Act. Penalties are section 27, offences by companies…
Choose your answer
Which of the following statements is correct under Section 30 of the SARFAESI Act, 2002?
Answer and explanation
Correct answer C
Section 30 is headed "Cognizance of offences" and limits which courts may take cognizance of and try offences under the Act. Penalties are section 27, offences by companies section 33, and appeals against penalties section 30B.