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Overview :

Asset reconstruction companies in India play

a vital role in developing and making the
assets of a company or business profitable.
Asset reconstruction also enables the
enhancement of the economy as a whole by
making all these business enterprises
successful and profitable. The economy of the
country can only grow by the recycling of
profits within the country.
 Asset Reconstruction companies are
those companies which are established
under the Securitisation and
Reconstruction of Financial assets and
Enforcement of Security Interest Act, 2002.
Under this act, the asset reconstruction
companies are given a vital responsibility in
acting as intermediaries between the
moter and the trust. These companies
charge a fee or a commission for the
services that are given to their clients.
The asset reconstruction companies in
India ensure that the particular client is
capable of handling the assets which are
already in existence. The first asset
reconstruction company in India was the
ARCIL. One of the most promising and
prominent asset reconstruction company
is the JM Financial. This company is a
pioneer in wealth management guidance
and in asset recovery and management of
resources of the company. The advisory
services offered by them are ones which
are arrived at from experience over the
years.
These companies ensure that with their
expertise in the field they are able to
enhance and develop the finances of
the company as well as the economy at
large. Their primary role lies in
corporate debt reconstructing. They
are sometimes under losses themselves
as they do mostly deal with companies
and businesses which are burdened
with losses and are unable to turn their
assets profitable However, if they are
successful in their ventures, then they
can be a part in the asset recovered
profits of that particular business or
company.
 All Asset reconstruction companies
in India are registered under the SRFAESI
Act uder as per section 3 of this act.
These companies are regulated under the
Reserve Bank Of India and they are
categorized as Non-Banking Financial
companies.
The asset reconstruction companies are
exempted from sections 45-IA, 45-IB, and
45-IC of the Reserve Bank act, 1934.
Contact Us:

JM Financial Ltd
7th Floor, Cnergy
Appasaheb Marathe Marg, Prabhadevi,
Mumbai - 400 025

Phone : + 91 22 6630 3030

Fax : +91 22 66303223

Website: https://www.jmfl.com/what-we-do/fund-based-activities/asset-
reconstruction