| Sec 1 |
Short title, extent and commencement
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 2 |
Definitions (Borrower, Default, Financial Asset, Non-Performing Asset / NPA, Secured Creditor, Security Interest)
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 3 |
Registration of asset reconstruction companies
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 4 |
Cancellation of certificate of registration
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 5 |
Acquisition of rights or interest in financial assets
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 6 |
Notice to obligor and discharge of obligation
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 7 |
Issue of security by asset reconstruction company
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 8 |
Exemption from registration of security receipts
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 9 |
Measures for asset reconstruction
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 10 |
Other functions of asset reconstruction company
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 11 |
Resolution of disputes through conciliation or arbitration
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 12 |
Power of Reserve Bank to determine policy and issue directions
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 13 |
Enforcement of security interest (Demand Notice under 13(2), Representation under 13(3A), Possession under 13(4))
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 14 |
Chief Metropolitan Magistrate or District Magistrate to assist secured creditor in taking possession of secured asset
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 15 |
Manner of exercise of action under section 13(4) by secured creditor
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 16 |
Resolution of disputes
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 17 |
Application against measures to recover secured debts (Securitisation Application / SA before DRT within 45 days)
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 18 |
Right to lodge a caveat
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 19 |
Right of borrower to receive compensation and costs in certain cases
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 20 |
Central Registry establishment
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 21 |
Central Registrar appointment
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 22 |
Register of securitisation, asset reconstruction and creation of security interest transactions
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 23 |
Filing of transactions of securitisation, asset reconstruction and creation of security interest (30-day window)
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 24 |
Modification of security interest registered under this Act
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 25 |
Secured creditor to report satisfaction of security interest
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 26 |
Priority to secured creditors over all other debts and Government revenues
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 27 |
Penalties for non-compliance of directions of Reserve Bank
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 28 |
Penalties for false information
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 29 |
Offences by companies
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 30 |
Cognizance of offences by Metropolitan Magistrate or Judicial Magistrate First Class
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 31 |
Provisions of this Act not to apply in certain cases (Agricultural land exemption, debts under ₹1 Lakh, claims under 20%)
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 32 |
Protection of action taken in good faith
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 33 |
Offences by companies
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 34 |
Civil court not to have jurisdiction (Bar of Civil Suits)
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 35 |
The provisions of this Act to override other laws
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 36 |
Limitation (Claims must be within period prescribed by Limitation Act)
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 37 |
Application of other laws not barred
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 38 |
Power of Central Government to make rules
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 39 |
Certain provisions of this Act to apply after Central Registry is set up or cause to be set up
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 40 |
Power to remove difficulties
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 41 |
Amendments of certain enactments
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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| Sec 42 |
Repeal and saving
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 Act 2002
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Guide
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