TMI BlogThe co-operative banks under the State legislation and multi-State co-operative banks are ‘banks’ under...The co-operative banks under the State legislation and multi-State co-operative banks are ‘banks’ under section 2(1)(c) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The recovery is an essential part of banking; as such, the recovery procedure prescribed under section 13 of the SARFAESI Act, a legislation relatable to Entry 45 List I of the Seventh Schedule to the Constitution of India, is applicable. - The Parliament has legislative com..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
