Asset Reconstruction Company Registration

We guarantee to provide you 100% assistance in Asset Reconstruction Company registration by maintaing the transparency. Also, we are action-oriented, thus, we will invest our sustain efforts in completing the Asset Reconstruction Company registration with RBI immediately. 

To know more about Asset Reconstruction Company registration, contact us immeditely.

What is an Asset Reconstruction Company?

Under the Companies Act, 2013, Asset Reconstruction Company is a specialised financial institution engaged in purchasing bad loans, NPAs from banks, and financial institutions to clean their balance sheet. Moreover, it acts as a bank recovery agent as it takes over the loans and advances from the bank and financial institutions for recovery.   

This company has been set up with an objective of securitization, and it also needs registration from RBI. Also, it is regulated by Section 3 of the SARFAESI Act, 2002

Additionally, for the acquisition of financial assets, the scrutinization or reconstruction company becomes the financial asset owner and acts as a lender bank/FIs.

Is Asset Reconstruction Company registration mandatory?

As per notification No.DNBS.1/CGM(CSM)-2003 (dated March 7th, 2003), every Scrutinization and Asset Reconstruction Company must apply for the registration and obtain the registration certificate from the bank according to Section 3 of the Act.

What is the mission of Asset Reconstruction Company?

The objective of an asset reconstruction company is to pursue the common interest, i.e., ensure efficacious management, reforming the scrutinization business, and asset reconstruction. Hence, creating stakeholder value.

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Documents Required For Asset Reconstruction Company Registration With RBI

Asset Reconstruction Company Registration Process

An application form needs to be filled as prescribed by the Act.

When filling the application form,  all the required documents will be affixed.

After the submission of the appliction, the Reserve Bank of India (RBI) will examine the records, assets, and books of the reconstruction company to ensure whether all the conditions are fulfilled or not.

The certificate from the RBI will be obtained if an Asset Reconstruction Company satisfies the standards laid by RBI.

Note- RBI also holds the authority to reject the application if the company fails to withstand the prescribed standards.

JR Compliance consists of a team of experts who understands your business and provides you with the most satisfactory solution to your query regarding Asset Reconstruction Company registration. Not only this, but we will assist you throughout the Asset Reconstruction Company registration with RBI because we care about our clients, that’s why we comprise all the resources and experts to provide 100% assistance.

Our Role in Asset Reconstruction Company Registration

We will assist you in the process of Asset Reconstruction Company Registration from the first to last step of registration.  

Our Asset Reconstruction Company experts will assist you in documentation to ensure the submission of required documents as and when needed.

We are equipped with the necessary resources to track your application. 

We guarantee to provide you with complete assistance in the examination of the company by RBI.

We will directly coordinate with RBI officials to ensure proper follow-ups.

To meet your expectations we invest our efforts in completing all the required formalities.

Our Asset Reconstruction consultants will provide you with an appropriate solution to your concerns.  

Conclusion

An Asset Reconstruction Company registration with RBI is essential before commencing its activities. However, the registration process of an asset reconstruction company could be tedious. Thus, to register an Asset Reconstruction Company, you required experienced personnel.

Consequently, JR Compliance comprises the experience, professionalism, and knowledgeable consultants who guarantee to provide you most satisfactory assistance throughout the process of Asset Reconstruction Company registration with RBI. Moreover, you can blindly follow our advice as we offer the finest advice after proper evaluation and research.

Hence, for expert and professional services, contact us immediately.

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