Section 2 of the Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 – Financial Institution – Notified financial institution – The National Small Industries Corporation Ltd. (NSIC)
Notification No. S.O. 367(E),
In exercise of the powers conferred by sub-clause (iv) of clause (m) of sub-section (1) of section 2 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), the Central Government hereby specifies the “The National Small Industries Corporation Limited (NSIC)”, having its registered office at NSIC Bhavan, Okhla Industrial Estate, New Delhi-110020 as “financial institution” for the limited purpose of disposing of their non-performing financial assets through any securitisation company or reconstruction company.