SARFAESI Act definition

SARFAESI Act means the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, as amended or replaced from time to time.
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SARFAESI Act means the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Xxxxxxxx Xxx, 0000 and the rules framed thereunder.
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SARFAESI Act means the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
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Examples of SARFAESI Act in a sentence

  • Sir / Madam,Sub :: Sale of Secured Asset by M/s Cholamandalam Investment and Finance Company Limited under SARFAESI Act, 2002.

  • The AO has also got the assets valued after taking possession as required under the SARFAESI Act.

  • Sir / Madam, Sub :: Sale of Secured Asset by M/s Cholamandalam Investment and Finance Company Limited under SARFAESI Act, 2002.

  • The AO published the Possession Notice in the newspapers as required under the SARFAESI Act.

  • Sir / Madam, Sub ::Sale of Secured Asset by M/s Cholamandalam Investment and Finance Company Limited under SARFAESI Act, 2002.

  • Although the enactment of the SARFAESI Act has strengthened the rights of creditors by allowing expedited enforcement of security in an event of default, there is still no assurance that we will be able to realize the full value of our collateral, due to, among other things, delays on our part in taking action to secure the property, delays in bankruptcy foreclosure proceedings, stock market downturns, defects in the perfection of collateral and fraudulent transfers by borrowers.

  • Following the introduction of the SARFAESI Act and the subsequent extension of its application to HFCs, we are allowed to foreclose on secured property after 60 days’ notice to a borrower, whose loan has been classified as non-performing.

  • Sir / Madam, Sub::Sale of Secured Asset by M/s Cholamandalam Investment and Finance Company Limited under SARFAESI Act, 2002.Ref::Loan Account Nos.

  • The provisions of the SARFAESI Act are thus, a remedy in addition to the provisions of the Arbitration Act.

  • The recovery process of enforcement of mortgage/securities, including but not limited to, taking possession and sale of the mortgaged property in accordance with the procedure prescribed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) or under any other law, is followed purely as per the directions laid down under the respective law.


More Definitions of SARFAESI Act

SARFAESI Act means the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 as amended from time to time;
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SARFAESI Act means the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the rules and regulations thereunder; “Secured Property” shall mean the assets and/or properties (whether tangible, intangible, movable or immovable)enumerated in serial number 31 of the Schedule 1over which Security Interest has been created under or as evidenced by the Security Documents in favor of or on behalf of and/or for the benefit of
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Related to SARFAESI Act

  • POPI Act means the Protection of Personal Information Act, 4 of 2013;

  • FOI Act means the Freedom of Information Act 2000 and any subordinate legislation made under that Act or any code issued pursuant to sections 45 or 46 of that Act or any guidance issued by the Information Commissioner;

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • FW Act means the Fair Work Act 2009, as amended from time to time.

  • FMC Act means the Financial Markets Conduct Act 2013.

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • the 1991 Act means the Water Industry Act 1991(a);

  • HITECH Act means the Health Information Technology for Economic and Clinical Health Act, TitleXIII, Subtitle D, Part 1 & 2 of the American Recovery and Reinvestment Act of 2009.

  • 1990 Act means the Town and Country Planning Act 1990;

  • the 1992 Act means the Local Government Finance Act 1992;

  • Cannabis Act means An Act respecting cannabis and to amend the Controlled Drugs and Substances Act, the Criminal Code and other Acts, S.C. 2018, c. 16, as amended from time to time.

  • the 1961 Act means the Land Compensation Act 1961(d); “the 1965 Act” means the Compulsory Purchase Act 1965(e); “the 1980 Act” means the Highways Act 1980(f);

  • the 1998 Act (“Deddf 1998”) means the Teaching and Higher Education Act 1998;

  • the 1993 Act means the Pension Schemes Act 1993; “the 1995 Act” means the Pensions Act 1995;

  • the 1988 Act means the Local Government Finance Act 1988.

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • the 1997 Act means the Town and Country Planning (Scotland) Act 1997 (c. 8);

  • the 1973 Act means the Water Act 1973;

  • Public Works Act means the Public Works Xxx 0000;

  • the 1999 Act means the Greater London Authority Act 1999;

  • Erasmus Code A unique identifier that every higher education institution that has been awarded with the Erasmus Charter for Higher Education receives. It is only applicable to higher education institutions located in Programme Countries. 5 Country code: ISO 3166-2 country codes available at: xxxxx://xxx.xxx.xxx/obp/ui/#search. 6 Any Programme Country enterprise or, more generally, any public or private organisation active in the labour market or in the fields of education, training and youth (training of staff members from Programme Country HEIs in Partner Country non-academic partners is not eligible).

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • the 1972 Act means the Local Government Act 1972.

  • 2012 Act means the Health and Social Care Act 2012;

  • the 1989 Act means the Local Government and Housing Act 1989;

  • Occupational Health and Safety Act means the Occupational Health and Safety Act, 1993 (Act No 85 of 1993);