Question
What is the minimum Net Owned Fund required for a Asset
Reconstruction Company?Solution
Net Owned Fund (NOF) for ARCs shall be minimum Rs.100 crore on an ongoing basis with effect from April 28, 2017. Accordingly, no ARC shall commence or carry on the business of securitization or asset reconstruction without having NOF of not less than Rs.100 crore.
More Financial Management Questions
600 ÷ 8 + 12 % of 250 + ? * 14 = 50 * √49
- What will come in the place of question mark (?) in the given expression?
[{(224 + 14 × 23) – 187} × (672 ÷ 28 – ?)] = 1795 √441 * 7 – 10% of 250 + ? = 140% of 120
(350/?) = 23 + 33
168 163 153 138 118 ?
...The value of [(3√2+2) × (3√2-2)] of 13 + 15 is:
4567.89 - 567.89 - 678.89 = ?
(24% of 500 - 20) ÷ 25 = ? ÷ 4
What will come in place of (?) in the given expression.
12.5 + 7.75 - 3.6 = ?119 ÷ [22 - {90 ÷ (23 - 105 ÷ (7 × 3))}] = ?
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