AdvocateKhoj
Login : Advocate | Client
Home Post Your Case My Account Law College Law Library
    

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

27. Penalties.-

If a default is made-

a.      in filing under section 23, the particulars of every transaction of any securitisation or asset reconstruction or security interest created by a securitisation company or reconstruction company or secured creditor; or

b.     in sending under section 24, the particulars of the modification referred to in that section; or

c.      in giving intimation under section 25, every company and every officer of the company or the secured creditor and every officer of the secured creditor who is in default shall be punishable with fine which may extend to five thousand rupees for every day during which the default continues.



Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Back




Client Area | Advocate Area | Blogs | About Us | User Agreement | Privacy Policy | Advertise | Media Coverage | Contact Us | Site Map
powered and driven by neosys