performing assets
by adopting measures for recovery and reconstruction. The NPA Act further
provides for setting up of asset reconstruction companies which are
empowered ... facility extended by any bank
or FI. Therefore, asset reconstruction means acquisition by asset
reconstruction company or asset management company of any right or
interest
Financial Institutions Act, 1993 ( 51 of 1993 ); (b) asset reconstruction means acquisition by any [asset reconstruction company] [Substituted ... Omitted 'asset reconstruction company means a company formed and registered under the Companies Act, 1956 ( 1 of 1956 ) for the purpose of asset reconstruction
shall not apply where the acquisition of the financial assets by the asset reconstruction company is for the purposes other than asset reconstruction or securitisation ... tangible asset or assignment or licence of intangible asset, such right, title or interest shall vest in the asset reconstruction company on acquisition of such
Securitisation And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002
3. Registration of [asset reconstruction company] [Substituted ... asset reconstruction, as the case may be, require to be satisfied, by an inspection of records or books of such [asset reconstruction company] [Substituted
Securitisation And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002
9. [ Measures for assets reconstruction. [Substituted ... assets reconstruction.- Without prejudice to the provisions contained in any other law for the time being in force, a asset reconstruction company
Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002
7. Issue of security by raising of receipts or funds by [asset reconstruction company ... section (2) of financial assets, the [qualified buyers] [Substituted by Act No. 44 of 2016.] of a [asset reconstruction company] [Substituted
asset reconstruction company] [Substituted by Act No. 44 of 2016.] , if such company (a) ceases to carry on the business of securitisation or asset reconstruction ... before cancelling a certificate of registration on the ground that the [asset reconstruction company] [Substituted by Act No. 44 of 2016.] has failed to comply
management of business of a borrower is taken over by a [asset reconstruction company] [Substituted by the Enforcement of Security Interest and Recovery of Debts ... secured creditor jointly with other secured creditors or any asset reconstruction company or financial institution or any other assignee has converted part of its debt
Securitisation And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002
10. Other functions of [asset reconstruction company] [Substituted ... business other than that of securitisation or asset reconstruction: Provided that a [asset reconstruction company] [Substituted by Act No. 44 of 2016.] which is carrying
Section 8 in The Securitisation And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002
8. Exemption from registration of security receipt.
- Notwithstanding ... security receipt issued by the [asset reconstruction company] [Substituted by Act No. 44 of 2016.] as the case may be, under sub-section
