Does the SARFESI Act apply to state-owned companies in India?

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Law Forum › Category: Corporate › Does the SARFESI Act apply to state-owned companies in India?
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Apni Law Staff asked 2 years ago

Does the SARFESI Act apply to state-owned companies in India?

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Apni Law Staff answered 2 years ago

Yes, the SARFESI Act applies to all companies in India, including state-owned companies. The Act aims to regulate financial institutions and protect the interests of depositors, irrespective of the ownership structure of the company.

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