8 October 2021 Current Affairs
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?
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.
having the owned fund of not less than Rs 2 crore or such other amount not exceeding 15% of total financial assets acquired or to be acquired by the securitisation company or reconstruction company.
Vice President M Venkaiah Naidu has inaugurated the Mahabahu Brahmaputra River Heritage Centre in the presence of Governor Jagdish Mukhi and Chief Minister Himanta Biswa Sarma in Guwahati Assam in the state of Maharashtra.
Hockey India pulled out of the 2022 Birmingham Commonwealth Games stating the risk of contracting COVID-19 and the discriminatory quarantine rules by the United Kingdom (UK) for travellers coming from India.
EXAMIANS