Question

Under which act are Asset Reconstruction Companies (AR

  • C established, as announced by the RBI in April 2021 when it constituted a committee chaired by Sudarshan Sen to review the legal and regulatory framework applicable to ARCs? 
A The Payment and Settlement Systems Act, 2007
B The Industrial Finance Corporation (Transfer of Undertakings and Repeal) Act, 1993
C The Factoring Regulation Act, 2011
D The Deposit Insurance and Credit Guarantee Corporation Act, 1961
E Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002
Practice Next

Relevant for Exams:

Hey! Ask a query