Alchemist Asset Reconstruction Company Limited
   
Milestones
2014 Minimum Investment requirement increased from 5% to 15%.
2013 FDI limit in ARC increased from 49% to 100%.
2012 RBI issued guidelines for change or takeover of management of borrower under provisions of SARFAESI Act 2002.
2009 RBI eases NPA norms for infrastructure and core industries in the backdrop of global financial crisis.
2005 RBI Issued guidelines for purchase of distressed assets & allowed FDI in ARC.
2002 SARFAESI ACT promulgated Incorporation of first ARC - ARCIL.
1999 Narsimham Committee report on NPA management.
1993 Debt Recovery Tribunals established.
1985 SICK Industrial Companies Act.
 
Resulting in
Introduction of best international practices to make ARCs globally competitive.
Transparency & Governance.
Facilitating revival and support to viable businesses by lenders.
ARCs emerging as the platform for resolution of NPAs by arming them with legal powers and favourable regulatory regime.

 

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