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ARTICLE · 17 SEPTEMBER 2020

Circulars Issued By Other Authorities

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The Reserve Bank of India ("RBI") vide notification dated 16.07.2020 issued guidelines on the Fair practice code for Asset Reconstruction Companies (ARCs), which inter alia includes...

IndiaInsolvency/Bankruptcy/Re-Structuring
Manoj Singh
Manoj Singh
Daizy Chawla
Daizy Chawla
Kumar Deep
Kumar Deep
Jatin Kapoor
Jatin Kapoor
Neha Mittal
Neha Mittal
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1.Circulars/Notifications by Reserve bank of India

Fair Practices Code for Asset Reconstruction Companies

The Reserve Bank of India (“RBI”) vide notification dated 16.07.2020 issued guidelines on the Fair practice code for Asset Reconstruction Companies (ARCs), which inter alia includes that, to enhance transparency in the process of the sale of secured assets, the spirit of Section 29A of Insolvency and Bankruptcy Code, 2016 may be followed by ARCs in dealing with prospective buyers. Further, the ARCs are advised to put in place Fair Practices Code (FPC) duly approved by their Board.

2.Circulars/Notifications by Reserve bank of India

Securities And Exchange Board Of India (Issue Of Capital And Disclosure Requirements) (Second Amendment) Regulations, 2020

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