Q&A

Q&A - Aug 2020 - Issue 02

Q&A - Aug 2020 - Issue 02

Q1. How did the Recovery of Debt Due to Bank and Financial Institution Act, 1993 amend? The RDB Act is established to form two agencies namely Debt Recovery Tribunal and Debt Recovery Appellate Tribunal for performing extraordinary forces for arbitration of debt recovery matters. It came into existence on 24th June 1993. The Act consists of 37 sections. It extends through India except Jammu and Kashmir.

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Q&A - Aug 2020 - Issue 01

Q&A - Aug 2020 - Issue 01

How the Central Registry shall be commenced? The Central Government by notification can set up a registry called Central Registry with its own seal for the purpose of registration of transaction of securitization and reconstruction of financial assets and creation of security interest under this act.The head office of the Central Registry shall be at any place specified by the Central Government and shall establish branch offices of Central Registry by the Central Government.

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Q&A - July 2020 - Issue 04

Q&A - July 2020 - Issue 04

How the SARFAESI Act, 2002 enacted? The Act was enacted on 17th December, 2002 and commenced on 21st June, 2002, as it extends to the whole of India. It is applied to Co-operative banks as well as commercial banks. There are 42 Sections, VI Chapters, and 1 Schedule in the SARFAESI Act.

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Q&A - July 2020 - Issue 03

Q&A - July 2020 - Issue 03

What is the evolution of the Probation of Offenders Act, 1958? The probation is initiated in the English period and has its development in the 19th century which is historically influenced by the juvenile justice system. Later, Sec.562 of the Code of Criminal Procedure dealt with Probation. In 1958, the Probation of Offenders Act was enacted by the Legislature to appoint probation officers who would be responsible for the presentence report to the Magistrate. The officers should supervise the accused during the period of probation. It consists of 19 Sections.

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