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Under the SARFAESI Act, 2002 , Asset Reconstruction Companies (ARCs) are mandated to resolve Non-Performing Assets (NPAs) that they acquire within a maximum period of 8 years . The purpose of this provision is to ensure that ARCs focus on the timely resolution of distressed assets and recover the maximum value for the banks that have sold their NPAs. The 8-year period includes the time for restructuring or recovery of the asset, ensuring that the asset is not left unresolved for an extended period. After acquiring the NPA, the ARC works on the restructuring of the debt , selling the assets , or legal actions to recover the funds. If the resolution is not achieved within 8 years, the ARC is expected to liquidate the asset to recover at least part of the investment made.
With respect to the futures transactions, the purpose of margin is to ________
What is the stock turnover ratio of the company for the year ended 31 March 2020?
Which regulatory body governs Limited Liability Partnership (LLP) firms in India?
What will be the amount after 2 years on a Principal “P” if compounding is done on a quarterly basis?
Vidhi wants to invest in a bond. She analyses the yield to maturity of various bonds to identify the bond with the highest yield and invests in that. I...
Sukanya Samriddhi Account Scheme is one of the major schemes of Government of India targeted at the parents of girl children. The scheme encourages pare...
The organization budgeted $400,000 for 40,000 hours of direct labor to complete 16,000 units of finished product. The firm used 42,000 direct labor hour...
The credit facilit y availed from banks, that is typically used for financing the day-to-day operations of a company/firm is ___ ________
U nder the Vishwakarma scheme , c ollateral free credit can be provided up to ____________ , in the first tranche, to the artisans and craftspeople iden...
Whether sufficient appropriate audit evidence has been obtained to reduce audit risk to an acceptable low level, and thereby enable the auditor to draw...