Section 40Central Act

Section 40: Power to remove difficulties.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

(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.

Sec 39 — Certain provisions of this Act to apply after Central Registry is set up or cause to be set up.

Sec 41 — Amendments to certain enactments.

Disclaimer: This section is reproduced for general informational and reference purposes only. Always verify against the latest official gazette and consult a qualified advocate before relying on any provision.