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Securitisation Companies And Reconstruction Companies (Reserve Bank) Guidelines And Directions, 2003 Amended.

Publication: Mondaq Business Briefing
Publication Date: 03-NOV-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 ("Guidelines") were enacted by the Reserve Bank of India ("RBI") with effect from April 23, 2003 in exercise of the powers conferred by the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 ("Act").

Pursuant to RBI's notification dated 29th March 2004, the minimum owned fund requirement for commencement of business of securitisation or asset reconstruction was...

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