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    Question

    Central Registry of Securitization Asset Reconstruction

    and Security Interest(CERSAI) is under which provision?
    A SEBI Act,1992 Correct Answer Incorrect Answer
    B SARFAESI Act,2002 Correct Answer Incorrect Answer
    C RBI Act,1934 Correct Answer Incorrect Answer
    D Banking Regulation Act,1949 Correct Answer Incorrect Answer
    E Negotiable Instruments Act,1881 Correct Answer Incorrect Answer

    Solution

    SARFAESI ( Securitization and reconstruction of financial assets and enforcement of security interest act )- It is the act that passed in the Indian parliament in the year 2002 which provides rights to banks to cover their outstanding amount of loan through the borrower assets.

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