Question
Which of the following acts gave birth to the Asset
Reconstruction Company?Solution
Asset Reconstruction Company (Securitization Company/Reconstruction Company) is a company registered under Section 3 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SRFAESI) Act, 2002. It is regulated by Reserve Bank of India as an Non Banking Financial Company (u/s 451 (f) (iii) of RBI Act, 1934).
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