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SARFAESI Act does not apply to loa debts below % of the loan given

A10

B30

C40

D20

Answer:

D. 20

Read Explanation:

The SARFAESI Act does not apply to loan debts below 20% of the loan given.


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Which one of the following Statement / Statements are incorrect about the disqualification of the member of the Managing committee?

  1. In case of Committee members, the persons carrying on the same business carried out by the society.
  2. If he is not a paid employee of the Society or any other Society
  3. If he is interested directly or indirectly in any contract made by the Society
  4. He should be the legal advisor or legal Practitioner on behalf of the Society.