Multiple choice

Which of the following statements is not correct in relation to a Securitization Company under SARFAESI Act?

  1. It is a company registered with Registrar of Companies.

  2. It requires registration with Reserve bank for conducting securitization business.

  3. It can set up separate trusts, for separate securitization transactions.

  4. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

It is an Act to regulate securitization and reconstruction of financial assets, enforcement of security interest, and for matters connected therewith or incidental thereto. It need not to be registered with the Companies Act.

Keep practicing — related questions