Basics of SARFAESI Act A Complete Study

A Short course about Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act

4.67 (9 reviews)
Udemy
platform
English
language
Compliance
category
Basics of SARFAESI Act A Complete Study
60
students
2.5 hours
content
Jun 2021
last update
$54.99
regular price

What you will learn

Basics and Definitions of SARFAESI Act

Enforcement of Security Interest

Description

Are you working in a Bank in the credit or recovery department?

Are you a Chartered Accountant or a Financial Consultant providing consultancy services to business units/borrowers who are in Financial Distress and helping them to sail through the bank loan settlement process?

Are you an Entrepreneur or a Borrower aspiring to learn about the SARFAESI Act rules and regulations?

Then, this course is for you!

Welcome to Basics of SARFAESI Act A Complete Study Course.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (also known as the SARFAESI Act) is an Indian law. It allows banks and other financial institutions to enforce security interest and recover loans in case of default.

The SARFAESI Act provides stringent powers to the Banks and Financial Institutions whereby, the secured asset of the borrower is auctioned without the intervention of the DRT.

So, in this course, you will learn

1) What is the need for this legislation - SARFAESI Act?

2) Constitutional Validity of SARFAESI Act

3) Various definitions listed in SARFAESI Act

4) Enforcement of Security Interest

5) Regulation of Securitisation and Reconstruction of Financial Assets of Banks and Financial institutions

This course is structured in a self-paced learning style. Requesting you to use your headphones for a better learning experience. Also, keep a notepad & pen alongside to take keynotes.

See you inside the course!

Content

Introduction

Introduction to SARFAESI Act
Constitutional Validity of SARFAESI Act

Definition

Borrower Definition
Bank Definition
Default Definition
Financial Assistance - Definition
Financial Asset - Definition
Hypothecation - Definition
Definition of Property
Defintion of Security Interest
Defintion of Secured Creditor

Enforcement of Security Interest

Introduction to Enforcement of Security Interest
Part 1 - Notice - Enforcement of Security Interest
Part 2 - Recourse to Secured Creditor - Borrower not making full payment
Part 3 - Transfer by Secured Creditor, Appropriation of Sale Proceeds & Payment
Part 4 - Company under Windinging Up & Scenario of other Securities Available
Part 5 - Different rights of secured creditor, Notice & Provisions of Sec 13(2)
Taking Possession of Secured Asset - assistance of Chief Metropolitan Magistrate

Reviews

Vishaal
November 21, 2022
Got absolute knowledge through the faculty’s explanation he made it ease to understand in simple language
JABEER
July 8, 2022
Complete overview of the Act with in Depth knowledge. Go for it if you want a quick bite on the SARFAESI Act.
Satya
May 5, 2021
yes course is very good for clarification of the concepts of SARFAESI Act and how to work this act for implementation in banks and NBFC

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Related Topics

3836324
udemy ID
2/9/2021
course created date
2/17/2021
course indexed date
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