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Sarfaesi Act Ppt

Sarfaesi Act Ppt

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Published by ..sravana karthik
This Case covers the importance of sarfaesi act in Indai
This Case covers the importance of sarfaesi act in Indai

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Categories:Types, Business/Law
Published by: ..sravana karthik on Dec 08, 2010
Copyright:Attribution Non-commercial

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04/15/2014

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SARFAESI ACT
Presented by B.Veera Bhadra RaoSravana Karthik chSai Reddy 
 
I
ntroduction
y
TheSecuritisationandReconstructionofFinancialAssetsandEnforcementofSecurityInterestAct,2002(SARFAESI)empowersBanks/FinancialInstitutionstorecovertheirnon- performingassetswithouttheinterventionoftheCourt.
y
TheprovisionsofthisActareapplicableonlyforNPAloanswithoutstandingaboveRs.1.00lac.NPAloanaccountswheretheamountislessthan20%oftheprincipalandinterestarenoteligibletobedealtwithunderthisAct.
 
Provisions
 
of 
the SARFAESI Act
y
TheActhasmadeprovisionsforregistrationandregulationofsecuritisationcompaniesorreconstructioncompaniesbytheRBI,facilitatesecuritisationof financialassetsofbanks,empowerSCs/ARCstoraisefundsbyissuingsecurityreceiptstoqualifiedinstitutionalbuyers(QIBs),empoweringbanksandFIstotakepossessionofsecuritiesgivenforfinancialassistanceandsellorleasethesametotakeovermanagementintheeventofdefault.

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