Section 12A

Power of Reserve Bank to call for statements and information.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

  • Act 54 of 2002
  • Ministry of Finance
  • Department of Financial Services
About this Act

An Act to regulate securitisation and reconstruction of financial assets and enforcement of security interest and to provide for a Central database of security interests created on property rights, and for matters connected therewith or incidental thereto.

All sections
    1[12A. Power of Reserve Bank to call for statements and information.-- The Reserve Bank may at any time direct a 2[asset reconstruction company] to furnish it within such time as may be specified by the Reserve Bank, with such statements and information relating to the business or affairs of such 2[asset reconstruction company] (including any business or affairs with which such company is concerned) as the Reserve Bank may consider necessary or expedient to obtain for the purposes of this Act.]

Notes

1. Ins. by Act 30 of 2004, s. 7 (w.e.f. 11-11-2004).
2. Subs. by Act 44 of 2016, s. 3, for "securitisation company or reconstruction company" (w.e.f. 1-9-2016).

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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