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What is SARFAESI Act Eligibility for NBFCs about?

This document addresses frequently asked questions about the applicability of the SARFAESI Act to NBFCs after a recent notification. The notification expanded the eligibility criteria for NBFCs to be considered financial institutions under the SARFAESI Act to those with asset sizes of Rs. 100 crores or more for the purpose of enforcing security on debts of Rs. 50 lacs or more. Key questions addressed include how asset size and debt amounts are determined, whether past loans are eligible, and specifics a

Author

deba3589

Language

EN