SARFAESI
SARFAESI is divided into 3 parts
oAsset reconstruction/ securitisation
oEnforcement
oFiling
Non performing asset – when repayment is due for more than 90 days
Stressed asset is a broader category
Securitisation happens for standard and NP Assets
How trusts function
Trust has very few regulatory compliances. Only regulated by trusts act
Trust works on the basis of trust deed
In a standard asset securitisation then RBI securitisation regulation will govern it
Swiss challenge
Offer document