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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