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Sec 28, SARFAESI Act 2002: Penalties For Non-compliance Of RBI Direction

Section 28 (Penalties for non-compliance of direction of Reserve Bank) under Chapter V (Offences and penalties) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, was omitted by the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016 (44 of 2016) sec. 20 (w.e.f. 1-9-2016).

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