Multiple choice

As per SARFAESI Act, 2002, security receipt is required when

  1. there is a transfer of receipt

  2. the RBI directs to do so

  3. the security receipt is not creating interest in a immovable property

  4. All of the above
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A Correct answer
Explanation

The registration of the security receipt is required when there is a transfer of receipt or the security receipt is creating, declaring, assigning, limiting, extinguishing any right title or interest in an immovable property.

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