Section 25, State Financial Corporations Act, 1951 [S1B-DYR]
As at 7 September 2026. In force from 29 September 1952 by S.O. 1052(E) [N11-J5V].
25. Registration of secureds creditor.—(1) Every secured creditor shall, within seven days from the commencement of this Act or, where such person begins the enforcement of security interest after such commencement, within seven days from the date of such beginning, make an application for registration to the Reserve Bank in Form B, accompanied by a fee of two thousand rupees. (2) The Reserve Bank shall, on being satisfied that the application is in order, register the applicant and issue a certificate of registration in such form as may be prescribed. (3) No secured creditor shall carry on the enforcement of security interest unless registered under this section.
Defined terms in this text (2)
Reserve Bank: Section 2, State Financial Corporations Act, 1951 [S1BD7F] (In this Act, unless the context otherwise requires,—): "Reserve Bank" means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934)
Reserve Bank: 24 more definitions.
security interest: Section 2, State Financial Corporations Act, 1951 [S1BD7F] (In this Act, unless the context otherwise requires,—): "security interest" means right, title or interest of any kind upon property created in favour of a secured creditor
security interest: 17 more definitions.
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