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Question
What is the minimum net owned fund requirement for a company to operate as an Asset Reconstruction Company?
Options:
A .  Rs 1 crore
B .  Rs 4 crore
C .  Rs 2 crore
D .  Rs 3 crore
Answer: Option C

having the owned fund of not less than Rs 2 crore or such other amount not exceeding 15% of total financial assets acquired or to be acquired by the securitisation company or reconstruction company.



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