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54/2002 - The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 ▶

Act Number: 54

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

Year: 2002

Enactment Date: 2002-12-17

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 1: Short title, extent and commencement.

    (1) This Act may be called the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
     (2) It extends to the whole of India.
     (3) It shall be deemed to have come into force on the 21st day of June, 2002.

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