Multiple choice

A security interest created under SARFAESI Act requiring registration with Central Registry with a period of

  1. 15 days

  2. 30 days

  3. 45 days

  4. 60 days

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

"Central Registry" means the registry set up or cause to be set up under sub-section (1) of section 20. The particulars of every transaction of securitisation, asset reconstruction or creation of security interest shall be filed, with the Central Registrar in the manner and on payment of such fee as may be prescribed, within thirty days after the date of such transaction or creation of security, by the securitisation company or reconstruction company or the secured creditor.