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The word asset reconstruction company is a typical Indian word - the global equivalent of which is asset management companies. The word "asset reconstruction" in India owes its origin to Narsimham I which envisaged the setting up of a central Asset Reconstruction Fund with money contributed by the Central Government, which was to be used by banks to shore up their balance sheets to clean up their non-performing loans. This idea never worked: so Narsimham II thought of asset reconstruction companies, the likes of which had already been successful in Malaysia, Korea and several other countries in the World. To keep the tune the same as the original idea of asset reconstruction fund, as also to give an impression that ARCs are not merely concerned with realisation of bad loans but they are going to do "reconstruction", that is, try and resurrect bad loans into good ones, the word ARC has been used in India.
Haylee Leannon
Wiki User
∙ 11y agoThe word asset reconstruction company is a typical Indian word - the global equivalent of which is asset management companies. The word "asset reconstruction" in India owes its origin to Narsimham I which envisaged the setting up of a central Asset Reconstruction Fund with money contributed by the Central Government, which was to be used by banks to shore up their balance sheets to clean up their non-performing loans. This idea never worked: so Narsimham II thought of asset reconstruction companies, the likes of which had already been successful in Malaysia, Korea and several other countries in the World. To keep the tune the same as the original idea of asset reconstruction fund, as also to give an impression that ARCs are not merely concerned with realisation of bad loans but they are going to do "reconstruction", that is, try and resurrect bad loans into good ones, the word ARC has been used in India.
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How many people do the company Asset Control employ?
The company Asset Control doesn't state how many people it employs. Asset Control is a company that deals with employment screening, safety and security.
Is dividends Payable an asset?
Dividend payable is the amount which is payable by the company to share holders so it is a liability of company and not an asset.
Is owner capital an asset?
no owners capital is not an asset its an internal liability for the company
Is cash an asset or revenue?
Cash is an asset, shown on a company's balance sheet.
Is stock an asset?
Yes, stock is an asset. Stocks are proof of a financial investment in a company, and therefore an asset in relation to accounting.
Does a pvt trust formed by asset reconstruction company require registration?
Maybe, maybe not. Define "private trust" as used in this context.
What companies started the ARCIL in India?
Asset Reconstruction Company of India Ltd. was started by two banks and three financial institutions(including LIC).
How can we reduce NPA'S?
NPA stands for Non-Performing Asset. It is something that the bank owns but isn't giving or generating any income to the bank. it is reduce by the following KYC norms and it is also reduce by Asset Reconstruction Company..........
That your asset to a company?
tell me how any one asset to the company
Distinguish between internal and external reconstruction of a company?
internal reconstruction no new company is formed in external reconstruction an existing company is dissolved and a new company is formed with the same shareholdders. there will be absence of liquidation expenses in internal reconstruction. liquidation expenses is present in external reconstruction.
Asset in a sentence?
My new Co worker was an asset to our company.
How many people do the company Asset Control employ?
The company Asset Control doesn't state how many people it employs. Asset Control is a company that deals with employment screening, safety and security.
What is your asset of this company?
to perform best performance in our company
Is cash balance an asset or not?
Cash is a current asset of company and shown under current assets in balance sheet of company.
Is dividends Payable an asset?
Dividend payable is the amount which is payable by the company to share holders so it is a liability of company and not an asset.
In construction company purchase of cow is an asset or indirect exp?
in contruction company purchase of cow is an asset or indirect expenditure
Is cash revenue or asset?
Cash is an asset, shown on a company's balance sheet.
