LawgistThe Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act
24Modification 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 1[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 2[asset reconstruction company] or the of such security interest.
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1. Subs. by s. 3, ibid., for "reconstruction company" (w.e.f. 1-9-2016).
2. Subs. by s. 3,ibid., for "securitisation company" (w.e.f. 1-9-2016).
CENTRAL REGISTRY
- 20 Central Registry
- 20A Integration of registration systems with Central Registry
- 20B Delegation of powers
- 21 Central Registrar
- 22 Register of securitisation, reconstruction and security interest transactions
- 23 Filing of transactions of securitisation, reconstruction and creation of security interest
- 24 Modification of security interest registered under this Act
- 25 Asset reconstruction companyor secured creditors to report satisfaction of security interest
- 26 Right to inspect particulars of securitisation, reconstruction and security interest transactions
- 26A Rectification by Central Government in matters of registration, modification and satisfaction, etc
