Current Affairs - National - Discussion
Discussion Forum : National - Latest Current Affairs (Q.No. 2630)
2630.
Which of the following Sections of the SARFAESI Act states that a company can carry the business of asset reconstruction only after obtaining a certificate of registration from RBI in addition to having a prescribed limit of minimum net owned fund requirement?
Answer: Option
Explanation:
As per Section 3 of the SARFAESI Act, a company can carry the business of asset reconstruction only after obtaining a certificate of registration from RBI and, having the owned fund of not less than Rs 2 crore.
Discussion:
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