BLOG DETAILS
Chapter I Section: 1 and 2
Preliminary - This chapter provides the short title, extent, and commencement of the Act, along with definitions of the various terms used in the Act.
Chapter II Section : 3-12B
Securitization and Reconstruction of Financial Assets - This chapter deals with the securitization and reconstruction of financial assets by asset reconstruction companies (ARCs).
Chapter 3 Section: 13-19
Enforcement of Security Interest - This chapter deals with the enforcement of security interest by banks and financial institutions and the procedure for taking possession of and selling secured assets.
Chapter IV Section: 20-26A
Central Registry - This chapter deals with the Formulation of CERSAI
Chapter IVA Section: 26B - 26A
Registration by secured creditors and other creditors
Chapter V Section: 27-30D
Offences and Penalties
Chapter VI Section: 31-42
MISCELLANEOUS.
Notification : Click Here
