The Committee will submit its report within three months from the date of its first meeting. RBI governor Shaktikanta Das had articulated intent to form the panel while announcing monetary policy for 2021-22.
The terms of reference for panel include Review of existing legal and regulatory framework applicable to ARCs
and recommend measures to improve efficacy of ARCs.
It will review business models of ARCs.
It would study role of ARCs in resolution of stressed assets including under Insolvency & Bankruptcy Code (IBC), 2016 and also suggest ways for improving liquidity in and trading of security receipts.
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