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Reserve Bank of India - Master Directions on Asset Reconstruction Companies, 2024

Introduction

The Reserve Bank of India (‘RBI’) released the Master Direction – Reserve Bank of India (Asset Reconstruction Companies) Directions, 2024 dated 24.04.2024 (‘Directions’), which shall apply to every Asset Reconstruction Company (‘ARC’) registered with RBI under s. 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (‘SARFAESI’). 

The directions have been segregated into seven sections addressing the introduction, registration and related matters, guidelines on asset reconstruction and securitisation, prudential regulations, governance conduct, accounting and disclosures, and miscellaneous instructions.

Section-I: Introduction

Section II- Registration and Related Matters

Section III- Guidelines on Asset Reconstruction and Securitisation

Section IV: Prudential Regulations

Section V: Governance and Conduct

Section VI: Accounting and Disclosures

Section VII- Miscellaneous Instructions

Our Analysis

End Notes



Attaching the RBI Notification for ready reference:


RBI_ARC_Master Directions_2024
.pdf
Download PDF • 709KB


Authored by Huzaifa Salim, Advocate at Metalegal Advocates. The views expressed are personal and do not constitute legal opinion.


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