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.
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.
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.
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