Which of the following statements is correct under Section 31A of the SARFAESI Act, 2002?
Section 31A is headed "Power to exempt a class or classes of banks or financial institutions". Protection for good faith acts is section 32, offences by companies section…
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Which of the following statements is correct under Section 31A of the SARFAESI Act, 2002?
Answer and explanation
Correct answer A
Section 31A is headed "Power to exempt a class or classes of banks or financial institutions". Protection for good faith acts is section 32, offences by companies section 33, and cognizance of offences section 30.