Clause 151 - Amendment of Act 54 of 2002. - Finance Bill, 2021

PART X AMENDMENT TO THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 Amendment of Act 54 of 2002. 151. In the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, in section 2, in sub-section (1) with effect from the 1st day of April, 2021 (i) in clause (f), (a) for the words any person who , the words any person who, or a pooled investment vehicle as defined in clause (da) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956.) which, shall be substituted; (b) for the words and includes a person who , the words and includes a person who, or a pooled investment vehicle which, shall be substituted; (ii) in clause (zd), in sub-clause (iv), for the words the Board appointed by any company , the words the Board and appointed shall be substituted.