Amendments to SARFAESI Act, 2002 : Every Banker Working in Credit Must Know

Last updated: 31 July 2020

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This document explains the significant amendments to the SARFAESI Act, 2002, introduced in January 2020, focusing on Chapter IVA. It details how these changes impact secured creditors, allowing a wider range of entities to file security interests. The write-up highlights the crucial role of registering these interests with CERSAI for public notification and establishing priority over subsequent charges and even government dues. Bankers working in credit departments will find this essential for understanding their rights and the implications of non-registration.

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AMENDMENTS TO SARFAESI ACT, 2002 : EVERY BANKER WORKING IN CREDIT MUST KNOW #docx

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Submitted by CA Sumat Singhal · Posted 31 July 2020 · Other files by CA Sumat Singhal · Report

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