ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!
  • google app store apple app store
    • тЬЦ

      Question

      Under the SARFAESI Act, what is the minimum net-owned

      funds (NOF) required for an ARC to operate?
      A тВ╣100 crore Correct Answer Incorrect Answer
      B тВ╣200 crore Correct Answer Incorrect Answer
      C тВ╣300 crore Correct Answer Incorrect Answer
      D тВ╣500 crore Correct Answer Incorrect Answer
      E тВ╣1,000 crore Correct Answer Incorrect Answer

      Solution

      Under the SARFAESI (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest) Act, 2002, the minimum net-owned funds (NOF) required for an ARC to operate is тВ╣300 crore. This requirement ensures that ARCs have sufficient financial capacity to acquire distressed assets and carry out recovery operations effectively. The NOF requirement is set by the Reserve Bank of India (RBI) to ensure that the ARC has adequate financial strength and stability

      Practice Next
      More Financial Management Questions
      ask-question