https://www.taxtmi.com/notifications?id=142283 The Amendment Act recognises and defines asset reconstruction companies, debenture trustees and debt securities; authorises a Central Registry integrated with multiple registration systems; makes registration of security interests a public notice and a precondition for enforcement; grants the Reserve Bank audit, inspection and corrective powers over asset reconstruction companies; prescribes priority to registered secured creditors over subsequent interests and government dues (subject to insolvency law); and reforms procedural, penalty, electronic filing, stamp duty and depository provisions to operationalise registration, enforcement and recovery. en-us Tue, 16 Aug 2016 00:00:00 +0530 Thu, 25 Jul 2024 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=142283 The Amendment Act recognises and defines asset reconstruction companies, debenture trustees and debt securities; authorises a Central Registry integrated with multiple registration systems; makes registration of security interests a public notice and a precondition for enforcement; grants the Reserve Bank audit, inspection and corrective powers over asset reconstruction companies; prescribes priority to registered secured creditors over subsequent interests and government dues (subject to insolvency law); and reforms procedural, penalty, electronic filing, stamp duty and depository provisions to operationalise registration, enforcement and recovery. Notifications Indian Laws Tue, 16 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=142283