LawgistThe Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act
40Power to remove difficulties
(1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as may appear to be necessary for removing the difficulty:
Provided that no order shall be made under this section after the expiry of a period of two years from the commencement of this Act.
(2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament.
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MISCELLANEOUS
- 31 Provisions of this Act not to apply in certain cases
- 31A Power to exempt a class or classes of banks or financial institutions
- 32 Protection of action taken in good faith
- 33 Offences by companies
- 34 Civil court not to have jurisdiction
- 35 The provisions of this Act to override other laws
- 36 Limitation
- 37 Application of other laws not barred
- 38 Power of Central Government to make rules
- 39 Certain provisions of this Act to apply after Central Registry is set up or cause to be set up
- 40 Power to remove difficulties
- 41 Amendments to certain enactments
- 42 Repeal and saving
