Section 60, Small Industries Development Bank of India Act, 1989 [S1W-4Q2]
As at 6 September 2026. In force from 28 August 1989 by S.O. 2733(E) [N12-4Y2].
60. Registration of secureds creditor.—(1) Every secured creditor shall, within sixty days from the commencement of this Act or, where such person begins the enforcement of security interest after such commencement, within sixty days from the date of such beginning, make an application for registration to the Reserve Bank in Form A, accompanied by a fee of five hundred 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, Small Industries Development Bank of India Act, 1989 [S1W2XE] (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, Small Industries Development Bank of India Act, 1989 [S1W2XE] (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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