Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
id:
securitisation-and-reconstruction-of-financial-assets-and-enforcement-of-security-interest-act-2002-296-5651290
title:
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
text:
The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 is an Indian law. It allows banks and other financial institutions to auction residential or commercial properties of defaulters to recover loans. The first asset reconstruction company (ARC) of India, ARCIL, was set up under this act. By virtue of the SARFAESI Act 2002, the Reserve Bank of India has the authority to register and regulate Asset Reconstruction Companies (ARCs). Under this ac
brand slug:
wiki
category slug:
encyclopedia
description:
Act of the Parliament of India
original url:
https://en.wikipedia.org/wiki/Securitisation_and_Reconstruction_of_Financial_Assets_and_Enforcement_of_Security_Interest_Act,_2002
date created:
date modified:
2024-04-22T16:26:42Z
main entity:
{"identifier":"Q19896279","url":"https://www.wikidata.org/entity/Q19896279"}
image:
fields total:
13
integrity:
14