Notification on the Amendment to previous notification under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (dated- 23.01.2023) – RBI

  • 25th, January 2023
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Notification on the Amendment to previous notification under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (dated- 23.01.2023) – RBI

  • The Reserve Bank of India, vide a notification, amended the previous notification issued under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 specifying that all the Asset Reconstruction Companies (ARCs), which are already registered with the Reserve Bank of India shall achieve the minimum Net Owned Fund (NOF) level of Rupees two hundred crores latest by March 31, 2024, and Rupee three hundred crores latest by March 31, 2026. Please refer to the notification for more details.
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