Section 20B

Delegation of powers.

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[20B. Delegation of powers.--The Central Government may, by notification, delegate its powers and functions under this Chapter, in relation to establishment, operations and regulation of the Central Registry to the Reserve Bank, subject to such terms and conditions as may be prescribed.]

Notes

1. Ins. by Act 44 of 2016, s. 16 (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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