Question
Under which act are Asset Reconstruction Companies (ARC)
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?ÂSolution
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.
When is "Lokpal Day" scheduled to be observed for the first time?
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2. Bageshwar...
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