The Reserve Bank may cancel a certificate of registration granted to a asset reconstruction company...........

Professional Legal Knowledge SARFAESI Act

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The Reserve Bank may cancel a certificate of registration granted to a asset reconstruction company if such company

ceases to carry on the business of securitisation or asset reconstruction.

ceases to receive or hold any investment from a qualified buyer.

fails to maintain accounts in accordance with the requirements of RBI.

all of the above.

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Explanation:

The Reserve Bank may cancel a certificate of registration granted to a asset reconstruction company if such company ceases to carry on the business of securitisation or asset reconstruction or ceases to receive or hold any investment from a qualifiedbuyer, or fails to maintain accounts in accordance with the requirements of RBI. This provision is given in section 4 of the SARFAESI ACT.