(1) This Act may be called the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
(2) It extends to the whole of India.
(3) It shall be deemed to have come into force on the 21st day of June, 2002.
(2) It extends to the whole of India.
(3) It shall be deemed to have come into force on the 21st day of June, 2002.
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Section 2 · Definitions.Section 3 · Registration of asset reconstruction companies.Section 4 · Cancellation of certificate of registration.Section 5 · Acquisition of rights or interest in financial assets.Section 5A · Transfer of pending applications to any one of Debts Recovery Tribunals in certain cases.Section 6 · Notice to obligor and discharge of obligation of such obligor.Section 7 · Issue of security by raising of receipts or funds by asset reconstruction company.Section 8 · Exemption from registration of security receipt.India Code, Government of India. Text fetched 09 Oct 2026. Source metadata reports last modification: 2019-12-02. Check the linked official text and subsequent notifications when applying a provision.