Multiple choice

Under SARFAESI Act, the Central Registrar shall register all of the following types of transactions, except

  1. securitization of financial assets

  2. reconstruction of financial assets

  3. creation of security assets

  4. sale of financial assets
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Central Government has issued the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) Rules, 2011 and prescribed the forms to be used for the purpose of filing information for registration in respect of transactions of securitization, asset reconstruction of financial assets and security interest over property. Thus, it doesn't deal with sale of financial assets.

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