1.

Preconditions for action under SARFAESI Act, 2002 are________.1). The account must be NPA2). The amount of Debt due must be above Rs. 1 lac3). The secured asset to be enforced must not be Agricultural Land4). All of the above

Answer»

Preconditions for action under SARFAESI ACT, 2002 are:

The account MUST be a Non-Performing ASSET

The AMOUNT of DEBT due must be above Rs. 1 Lac

The secured asset to be enforced must not be an agricultural land



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