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
|
CAclubindia
