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Which of the following statements is correct under Section 40 of the SARFAESI Act, 2002?

SARFAESI s.40 empowers the Central Government to remove difficulties in giving effect to the Act, not the Reserve Bank to issue directions, repeal and saving, or amendments…

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Which of the following statements is correct under Section 40 of the SARFAESI Act, 2002?

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Answer and explanation

Correct answer A

SARFAESI s.40 empowers the Central Government to remove difficulties in giving effect to the Act, not the Reserve Bank to issue directions, repeal and saving, or amendments to enactments.

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