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Section 12A of Sarfaesi Act - Power of Reserve Bank to call for statements and information

Section 12A of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 : Power of Reserve Bank to call for statements and information

The Reserve Bank may at any time direct a 1[asset reconstruction company] to furnish it within such time as may be specified by the Reserve Bank, with such statements and information relating to the business or affairs of such 1[asset reconstruction company] (including any business or affairs with which such company is concerned) as the Reserve Bank may consider necessary or expedient to obtain for the purposes of this Act.

 

 

 

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1Subs. by Act 44 of 2016, s. 3, for "securitisation company or reconstruction company" (w.e.f. 1-9-2016)

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