Asset Reconstruction Company Registration | ARC Registration

Once the ARC buys the of financial assets of the banks and financial institutions, it becomes the owner of such financial asset and steps into the shoes of the lender bank or Financial Institutions. Thereafter, It attempts the recovery process, as if it were the original lender, in accordance with the applicable provisions of SARFAESI and other applicable statutes. On and after the commencement of this Act, Assets Reconstruction Company(ies) shall mandatorily make an application for registration to the Reserve Bank within six months from such commencement. Any company cannot carry a business of asset reconstruction or securitisation until a certificate of registration is granted to it or as the case may be, rejection of application for registration is communicated to it.

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