Section 41 of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
The enactments specified in the Schedule shall be amended in the manner specified therein.
Summary
- This section acts as a bridge to update other existing laws so they align with this new Act.
- It states that specific older laws are amended in the manner detailed in a separate section at the end called "The Schedule".
Practical examples
FAQ
1. Where can I find the exact list of changes made to other laws?
The specific word-for-word changes are listed at the very end of the Act in a section titled "The Schedule".
Test yourself
Q1.Under Section 41 of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, where are the exact details of the amendments to other laws located?
Q2.Based on the Schedule referenced by Section 41 of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, which of the following laws was formally amended by this Act?
Q3.The Schedule triggered by Section 41 of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 amends the Securities Contracts (Regulation) Act, 1956. What specific new term does it add to the definitions in that older law?
Q4.How does the Schedule, applied via Section 41 of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, change the Sick Industrial Companies (Special Provisions) Act, 1985?