| 1 |
Short title, extent and commencement. | Read |
| 2 |
Definitions. | Read |
| 3 |
Registration of asset reconstruction companies. | Read |
| 4 |
Cancellation of certificate of registration. | Read |
| 5 |
Acquisition of rights or interest in financial assets. | Read |
| 5A |
Transfer of pending applications to any one of Debts Recovery Tribunals in certain cases. | Read |
| 6 |
Notice to obligor and discharge of obligation of such obligor. | Read |
| 7 |
Issue of security by raising of receipts or funds by asset reconstruction company. | Read |
| 8 |
Exemption from registration of security receipt. | Read |
| 9 |
Measures for assets reconstruction. | Read |
| 10 |
Other functions of asset reconstruction company. | Read |
| 11 |
Resolution of disputes. | Read |
| 12 |
Power of Reserve Bank to determine policy and issue directions. | Read |
| 12A |
Power of Reserve Bank to call for statements and information. | Read |
| 12B |
Power of Reserve Bank to carry out audit and inspection. | Read |
| 13 |
Enforcement of security interest. | Read |
| 14 |
Chief Metropolitan Magistrate or District Magistrate to assist secured creditor in taking possession of secured asset. | Read |
| 15 |
Manner and effect of take over of management. | Read |
| 16 |
No compensation to directors for loss of office. | Read |
| 17 |
Application against measures to recover secured debts. | Read |
| 17A |
Making of application to Court of District Judge in certain cases. | Read |
| 18 |
Appeal to Appellate Tribunal. | Read |
| 18A |
Validation of fees levied. | Read |
| 18B |
Appeal to High Court in certain cases. | Read |
| 18C |
Right to lodge a caveat. | Read |
| 19 |
Right of borrower to receive compensation and costs in certain cases. | Read |
| 20 |
Central Registry. | Read |
| 20A |
Integration of registration systems with Central Registry. | Read |
| 20B |
Delegation of powers. | Read |
| 21 |
Central Registrar. | Read |
| 22 |
Register of securitisation, reconstruction and security interest transactions. | Read |
| 23 |
Filing of transactions of securitisation, reconstruction and creation of security interest. | Read |
| 24 |
Modification of security interest registered under this Act. | Read |
| 25 |
Asset reconstruction companyor secured creditors to report satisfaction of security interest. | Read |
| 26 |
Right to inspect particulars of securitisation, reconstruction and security interest transactions. | Read |
| 26A |
Rectification by Central Government in matters of registration, modification and satisfaction, etc. | Read |
| 26B |
Registration by secured creditors and other creditors. | Read |
| 26C |
Effect of the registration of transactions, etc. | Read |
| 26D |
Right of enforcement of securities. | Read |
| 26E |
Priority to secured creditors. | Read |
| 27 |
Penalties. | Read |
| 28 |
[Omitted.]. | Read |
| 29 |
Offences. | Read |
| 30 |
Cognizance of offence. | Read |
| 30A |
Power of adjudicating authority to impose penalty. | Read |
| 30B |
Appeal against penalties. | Read |
| 30C |
Appellate Authority. | Read |
| 30D |
Recovery of penalties. | Read |
| 31 |
Provisions of this Act not to apply in certain cases. | Read |
| 31A |
Power to exempt a class or classes of banks or financial institutions. | Read |
| 32 |
Protection of action taken in good faith. | Read |
| 33 |
Offences by companies. | Read |
| 34 |
Civil court not to have jurisdiction. | Read |
| 35 |
The provisions of this Act to override other laws. | Read |
| 36 |
Limitation. | Read |
| 37 |
Application of other laws not barred. | Read |
| 38 |
Power of Central Government to make rules. | Read |
| 39 |
Certain provisions of this Act to apply after Central Registry is set up or cause to be set up. | Read |
| 40 |
Power to remove difficulties. | Read |
| 41 |
Amendments to certain enactments. | Read |
| 42 |
Repeal and saving. | Read |
