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Case Law |
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PREAMBLE
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| 0 |
PREAMBLE
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CHAPTER--I
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PRELIMINARY
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| 1 |
Short title, extent and commencement
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Definitions
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CHAPTER--II
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REGULATION OF SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS OF BANKS AND FINANCIAL INSTITUT
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Registration of securitisation companies or reconstruction companies
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Cancellation of certificate of registration
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Acquisition of rights or interest in financial assets
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Notice to obligor and discharge of obligation of such obligor
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Issue of security by raising of receipts or funds by securitisation company or reconstruction company
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Exemption from registration of security receipt
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Measures for assets reconstruction
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Other functions of securitisation company or reconstruction company
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Resolution of disputes
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Power of Reserve Bank to determine policy and issue directions
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CHAPTER--III
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ENFORCEMENT OF SECURITY INTEREST
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Enforcement of security interest
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Chief Metropolitan Magistrate or District Magistrate to assist secured creditor in taking possession of secured asset
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Manner and effect of takeover of management
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No compensation to directors for loss of office
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Right to appeal
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Appeal to Appellate Tribunal
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Right of borrower to receive compensation and costs in certain cases
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CHAPTER--IV
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CENTRAL REGISTRY
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Central Registry
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Central Registrar
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Register of securitisation, reconstruction and security interest transactions
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Filing of transactions of securitisation, reconstruction and creation of security interest
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Modification of security interest registered under this Act
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Securitisation company or reconstruction company or secured creditors to report satisfaction of security interest
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Right to inspect particulars of securitisation, reconstruction and security interest transactions
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CHAPTER--V
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