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

Section - 4 - Cancellation of certificate of registration

Cancellation of certificate of registration.

4. (1) The Reserve Bank may cancel a certificate of registration granted to a securitisation company or a reconstruction company, if such company-

(a)- ceases to carry on the business of securitisation or asset reconstruction; or
(b)- ceases to receive or hold any investment from a qualified institutional buyer; or
(c)- has failed to comply with any conditions subject to which the certificate of registration has been granted to it; or
(d)- at any time fails to fulfil any of the conditions referred to in clauses (a) to (g) of sub-section (3) of section 3; or
(e)-Google Play store

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