Section 10: Other functions of asset reconstruction company.

Q: What does Section 10 of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) deal with?

Section 10 SARFAESI pertains to "Other functions of asset reconstruction company.". It is part of the The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, a legislation enacted by the Parliament of India. Section 10 of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) governs other functions of asset reconstruction company. As verified on 22 May 2026.

Q: Is Section 10 SARFAESI still in force?

Yes, Section 10 of the The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 is currently in force across the Republic of India.

Q: What is धारा 10 SARFAESI?

धारा 10 SARFAESI is the Devanagari Hindi reference for Section 10 of the The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Section 10 of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) governs other functions of asset reconstruction company. As verified on 22 May 2026.

Q: What is Dhara 10 SARFAESI?

Dhara 10 SARFAESI is the Roman Hindi reference for Section 10 of the The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. "Dhara" means "Section" in Hindi. Section 10 of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) governs other functions of asset reconstruction company. As verified on 22 May 2026.

Q: How to cite Section 10 of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002?

Cite as: "Section 10, The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI)" in legal briefs. For academic writing, use the BlueBook format: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, 2002, § 10 (India).

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Table of Contents

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

Chapter II — REGULATION OF SECURITISATION AND RECONSTRUCTION OF FINANCIALASSETS OF BANKS AND FINANCIALINSTITUTIONS

Section 10

Other functions of asset reconstruction company.

10. Other functions of 1[asset reconstruction company].—(1) Any 1[asset reconstruction company] registered under section 3 may—

Provided that no 1[asset reconstruction company] shall act as a manager if acting as such gives rise to any pecuniary liability.

(2) Save as otherwise provided in sub-section (1), no 1[asset reconstruction company] which has been granted a certificate of registration under sub-section (4) of section 3, shall commence or carry on, without prior approval of the Reserve Bank, any business other than that of securitisation or asset reconstruction:

Provided that a 1[asset reconstruction company] which is carrying on, on or before the commencement of this Act, any business other than the business of securitisation or asset reconstruction or business referred to in sub-section (1), shall cease to carry on any such business within one year from the date of commencement of this Act.

Explanation.—For the purposes of this section, "2[asset reconstruction company]" or "3[asset reconstruction company]" does not include its subsidiary.1. Subs. by Act 44 of 2016, s. 3, for "securitisation company or reconstruction company " (w.e.f. 1-9-2016). 2. Subs. bys. 3,ibid.,for "securitisation company " (w.e.f. 1-9-2016). 3. Subs. by s. 3,ibid.,for "reconstruction company " (w.e.f. 1-9-2016).

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