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It is a registered company under section 8 of the Companies Act, 2013 having its registered office at New Delhi. CERSAI is a Registration System under the provisions of Chapter IV of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. (SARFAESI Act).
The law does not apply to unsecured loans, loans below ₹100,000 or where remaining debt is below 20% of the original principal. This law allowed the creation of asset reconstruction companies (ARC) and allowed banks to sell their non-performing assets to ARC's. Banks are allowed to take possession of the collateral property and sell it ...
In 1980, the company established itself as a service-oriented company under new owners, Delmar R. Ritter and David L. Cornelius. With sales reaching $2.4 million, the company added a third owner, Thomas A. Erickson, in 1989. [3] The company acquired Quality Data Products of Williamsport, Pennsylvania, from David Franklin, in 1993. In 2011, CSSI ...
The Board only handles large or medium-sized sick industrial companies in which large amounts have been sunk. [4] Under the Sick Industrial Companies Act, the Board of a sick industrial company is legally obliged to report it to the BIFR, and the BIFR has the power to make whatever inquiries are needed to determine if the company is in fact ...
India plans to spend nearly $3.7 billion to fence its 1,610-km (1,000-mile) porous border with Myanmar within about a decade, said a source with direct knowledge of the matter, to prevent ...
India SME Asset Reconstruction Company Ltd. (ISARC) [19] for speedier resolution of Non-Performing Assets (NPA) in the MSME sector. SIDBI supports the Government of India in its initiatives and work as a nodal agency for some of the schemes related to development of MSMEs, such as Make in India and Startup India.
A fence viewer is a town or city official who administers fence laws by inspecting new fences and settles disputes arising from trespass by livestock that had escaped enclosure. [ 1 ] The office of fence viewer is one of the oldest appointments in New England .
RIO DE JANEIRO/BRASILIA (Reuters) -In his first global meetings since Donald Trump was reelected to lead the U.S., Chinese President Xi Jinping went on a diplomatic offensive, hedging against ...