Change in or Take Over of the Management of the Business of the Borrower by Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines, 2010

Last updated: 04 July 2013

Notice Date : 01 July 2013

RBI/2013-2014/56
DNBS (PD) CC. No. 32/SCRC/26.03.001/2013-2014

July 1, 2013

Notification as amended upto June 30, 2013 - Change in or Take Over of the Management of the Business of the Borrower by Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines, 2010

As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updatedcirculars/ notifications. The instructions contained in the Notification DNBS/ PD(SC/RC) No.7/ CGM(ASR)/ 2010 dated April 21, 2010 updated as on June 30, 2013, are reproduced. The updated Notification has also been placed on the RBI web-site (http://www.rbi.org.in).

Yours faithfully,

(N.S.Vishwanathan)
Principal Chief General Manager

Please find the attachment for full Circular.