Notification under clause (u) of sub-section (1) of section 2 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. - F. No.11/LC/GN/2008/21670 - SEBI
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Qualified institutional buyer status granted to qualifying NBFCs, enabling application of SARFAESI Act provisions. SEBI designates certain non-deposit taking NBFCs registered under the RBI registration framework as qualified institutional buyers for the SARFAESI Act where they meet specified asset-size thresholds or, for a lower asset threshold category, meet a prescribed Capital to Risk Weighted Assets Ratio in the last audited balance sheet, pursuant to clause (u) of sub section (1) of section 2 of the SARFAESI Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Qualified institutional buyer status granted to qualifying NBFCs, enabling application of SARFAESI Act provisions.
SEBI designates certain non-deposit taking NBFCs registered under the RBI registration framework as qualified institutional buyers for the SARFAESI Act where they meet specified asset-size thresholds or, for a lower asset threshold category, meet a prescribed Capital to Risk Weighted Assets Ratio in the last audited balance sheet, pursuant to clause (u) of sub section (1) of section 2 of the SARFAESI Act.
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