Want to complete asset reconstruction company registration? Contact JR Compliance - Delhi based compliance service provider who 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.
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.
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.
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.
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.
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.
All to whom it may concern, JR Compliance is not liable for any direct, indirect, incidental, special, or consequential damages from the use of any information contained on our website, or from any action/ decision taken as a result of using the site.
The information provided on this website is with the sole intention to give information, not a professional opinion. Moreover, our website might include copyrighted material that may or may not have been specifically authorized by the owner, however, used for the purpose of providing information. That constitutes a “fair means” under Section 52 of the Copyright Act, 1957.
K8, Sector 3, Bawana Industrial Area, Delhi - 110039 (India)
Intellectual Property - Unless otherwise stipulated, this site is our proprietary intellectual property. All the graphics, media, editorial content, and website design (altogether, “content”) used are the intellectual property of JR Compliance which are protected by Trademark, Copyright, and other applicable intellectual property laws.
Any content or mark might be copied, reproduced, republished, and displayed publicly for any profit-oriented purpose whatsoever, require our prior written permission, otherwise, an offender may have to face legal consequences.
Ask any questions you have. Our Experts would love to help you.