Chapter II — REGULATION OF SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS OF BANKS AND FINANCIAL INSTITUTIONS

Section 12APower of Reserve Bank to call for statements and information

Section 12A: Power of Reserve Bank to call for statements and information

12A. Power of Reserve Bank to call for statements and information

[12A. Power of Reserve Bank to call for statements and information.— The Reserve Bank may at any time direct a [asset reconstruction company] to furnish it within such time as may be specified by the Reserve Bank, with such statements and information relating to the business or affairs of such [asset reconstruction company] (including any business or affairs with which such company is concerned) as the Reserve Bank may consider necessary or expedient to obtain for the purposes of this Act.]

Amendment notes (2)
  1. Ins w.e.f. 11-11-2004 . Ins. by Act 30 of 2004, s. 7 (w.e.f. 11-11-2004).
  2. Subs w.e.f. 1-9-2016 . Subs. by Act 44 of 2016, s. 3, for "securitisation company or reconstruction company" (w.e.f. 1-9-2016).