What are the criteria for formation of ARCs?
A. Every ARC needs to obtain a certificate of registration under Section 3 of the Securitisation Act, 2002 from the RBI upon fulfillment of the conditions of the Section 3 (3) thereof. Additionally, it must have an owned fund of not less than 15 per cent of the aggregate NPLs acquired or Rs. 100 crore, whichever is lower, subject to a minimum of Rs. 2 crore. Having obtained the certificate of registration, an ARC can undertake both securitisation and asset reconstruction activities. Any entity not registered with the RBI under Section 3 of the Securitisation Act, 2002 may also conduct this business, but outside the purview of the Securitisation Act, 2002.
- What criteria are considered when calculating the strength of a candlestick formation? And, how do I interpret the strength value?
- What variables influencing the formation of hydrophobic soils were used as criteria for this study?
- What criteria are used in the formation of groups for the older pupils?