Section 8Central Act

Section 8: Exemption from registration of security receipt.

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

Notwithstanding anything contained in sub-section (1) of section 17 of the Registration Act, 1908 (16 of 1908),--

(a) any security receipt issued by the ¹[asset reconstruction company], as the case may be, under sub-section (1) of section 7, and not creating, declaring, assigning, limiting or extinguishing any right, title or interest, to or in immovable property except in so far as it entitles the holder of the security receipt to an undivided interest afforded by a registered instrument; or

(b) any transfer of security receipts, shall not require compulsory registration.

1. Subs. by Act 44 of 2016, s. 3, for "securitisation company or reconstruction company" (w.e.f. 1-9-2016).

Sec 7 — Issue of security by raising of receipts or funds by asset reconstruction company.

Sec 9 — Measures for assets reconstruction.

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.