๐Ÿ“ข Too many exams? Donโ€™t know which one suits you best? Book Your Free Expert ๐Ÿ‘‰ call Now!

  • google app store apple app store
  • โœ–

      Question

      Which of the following act provides the legal basis for

      the setting up of Asset Reconstruction Company (ARC) in India?
      A SARFAESI Act Correct Answer Incorrect Answer
      B FEMA Act Correct Answer Incorrect Answer
      C FERA Act Correct Answer Incorrect Answer
      D RBI Act Correct Answer Incorrect Answer
      E SEBI Act Correct Answer Incorrect Answer

      Solution

      The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 provides the legal basis for the setting up of ARCs in India.

      Practice Next
      ask-question