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Persevering and professional asset reconstruction companies in india

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.

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Persevering and professional asset reconstruction companies in india

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  1. How FTTH and Cable Glands Have Revolutionised Our Lives

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. All Asset reconstruction companiesin 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.

  7. 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

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