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Section 24 of Sarfaesi Act - Modification of security interest registered under this Act

Section 24 of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 : Modification of security interest registered under this Act

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.

 

 

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

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

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