https://www.taxtmi.com/article/detailed?id=6391 The Act requires companies to obtain a certificate of registration from the RBI to carry on securitisation or asset reconstruction, subject to owned-fund requirements and RBI-specified conditions such as solvency, arrangements for asset realisation and investor returns, experienced directors, limits on sponsor control, compliance with prudential norms and guidelines; RBI may inspect records, require prior approval for substantial changes in management or corporate particulars, reject applications or cancel registration for specified breaches, and impose remedial opportunities and appeal rights against cancellation. en-us Wed, 19 Aug 2015 07:44:49 +0530 Wed, 19 Aug 2015 07:44:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6391 The Act requires companies to obtain a certificate of registration from the RBI to carry on securitisation or asset reconstruction, subject to owned-fund requirements and RBI-specified conditions such as solvency, arrangements for asset realisation and investor returns, experienced directors, limits on sponsor control, compliance with prudential norms and guidelines; RBI may inspect records, require prior approval for substantial changes in management or corporate particulars, reject applications or cancel registration for specified breaches, and impose remedial opportunities and appeal rights against cancellation. Articles Corporate Laws / IBC / SEBI Wed, 19 Aug 2015 07:44:49 +0530 https://www.taxtmi.com/article/detailed?id=6391