Which of the following statements is correct under Section 30A of the SARFAESI Act, 2002?
Section 30A is headed "Power of adjudicating authority to impose penalty". The appeal against a penalty lies under section 30B within thirty days, the Appellate Authority is…
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Which of the following statements is correct under Section 30A of the SARFAESI Act, 2002?
Answer and explanation
Correct answer B
Section 30A is headed "Power of adjudicating authority to impose penalty". The appeal against a penalty lies under section 30B within thirty days, the Appellate Authority is designated under section 30C, and recovery of penalties is section 30D.