Lesson 22 - SARFAESI ACT 2002 | CR | CS PROFESSIONAL скачать в хорошем качестве

Lesson 22 - SARFAESI ACT 2002 | CR | CS PROFESSIONAL

The SARFAESI Act was passed on December 17, 2002, in order to lay down processes to help Indian lenders recover their dues quickly. The SARFAESI Act essentially empowers banks and other financial institutions to directly auction residential or commercial properties that have been pledged with them to recover loans from borrowers. Before this Act took effect, financial institutions had to take recourse to civil suits in the courts to recover their dues, which is a lengthy and time-consuming process. As per the SARFAESI Act, if a borrower defaults on a loan financed by a bank against collateral, then the bank gets sweeping powers to recover its dues from the borrower. After giving a notice period of 60 days, the lender can take possession of the pledged assets of the borrower, take over the management of such assets, appoint any person to manage them or ask debtors of the borrower to pay their dues too, with respect to the asset. This recovery procedure saves banks and financial institutions a lot of time which otherwise would be long drawn out due to the intervention of courts THIS VIDEO IS RELEVANT ALSO FOR CA FINAL, CS PROFESSIONAL AND CMA FINAL. Jahangir Tutorials – Exclusively for Company Secretary Course Provides the Best Online Classes For CSEET, CS Executive & CS Professional Lectures are by Renowned Faculties who cover topics and chapters in a precise way covering the practical aspects as well. ~ English Lectures are also Available ~ To Purchase the Lectures – Visit Our Site :- www.jahangirtutorials.com or Download Link our Mobile App App Link :- https://bit.ly/3Avq3Ge App Name :- “Jahangir Tutorials” For Any Queries & Information Click The Link Below to contact our Team directly. @ https://bit.ly/3nQZhmD Also You can Contact Us (Call / What’s App) 📞 7021855052 / 9769297903 For FREE Videos & Updates subscribe to our following Social Media Platforms What’s App Group : CS EET – https://chat.whatsapp.com/JIalDpo87K0... CS Executive – https://chat.whatsapp.com/DZvdfhea69y... https://chat.whatsapp.com/LIz8NtMVJZo... https://chat.whatsapp.com/HQvZblikWBF... CS Professional – https://chat.whatsapp.com/HQvZblikWBF... Telegram – https://telegram.me/jahangirtutorials YouTube : Jahangir Tutorials - YouTube ~ Enjoy Learning Like Never Before ~ #cseet #csexecutive #csprofessional #bestclassesforcs #jahangirtutorials #companysecretaryclasses #bestonlineclassesforcs #bestclassesforcompanysecretary #onlinelecturesforcs #bestclassesforcseetcsexecutivecsprofessional #csexecutive #csstudents #icsi#icsistudent #csexecutivenewsyllabus #csstudentsindia #csstudy #icsicommunity #csvideoclasses #csonlineclasses #companysecretary #CSfinal #csprofessional #cslife #csvideolectures #cseet #icsi #icsiofficial #csstudentlife #csexam #csmotivation #csexecutive #csdreams #cseetstudents #csmotivationhub #csexams #csexamtip #covid19 #csprofessionalicsi #icsiexams #csstudentlife #csexam #csmotivation #csprofessional #csstudentss #csexecutive #icsi #companysecretary #csfoundation #icsi #ICSI #cs #CSEET #cscoachingclasses #cspendriveclasses #csclasses #bestcsacademy #csacademypune #proudcsstudent #bestcareerafter12th #bestcareerincommerce #careerwithbcom #csmarathon #cseettestpaper #eettest #csclasses #csstudents #csmotivation #commercememes #commercestudents #companysecretary #cseetvideolectures #english #csprofessionalonlinelectures #csexecutiveonlinelectures #Company Secretary #CS English #CompanySecretaryEnglish #CSEnglish#CSBanglore #CSTamilNadu