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Section 24: Modification of security interest registered under this Act.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002Central Act · Act 54 of 2002

Whenever the terms or conditions, or the extent or operation of any security interest registered under this Chapter are or is [asset reconstruction company] or the secured creditors, as the case may be, to send to the Central Registrar, the particulars of such modification, and the provisions of this Chapter as to registration of a security interest shall apply to such modification modified, it shall be the duty of the [asset reconstruction company] or the of such security interest.

Where this provision sits

ActThe Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
Section24
Marginal noteModification of security interest registered under this Act.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted. . Subs. by s. 3, ibid., for "reconstruction company" (w.e.f. 1-9-2016).
  • substituted. . Subs. by s. 3,ibid., for "securitisation company" (w.e.f. 1-9-2016).

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