In the past seven years, since the enactment, a myriad of issues have been faced by ASC/RCs on the regulatory aspects, duties and taxes, and capital and finance raising. To pursue their common interests, the SC/RCs envisioned that a common platform / forum would be better suited to discuss and collectively address pending issues which may range from regulatory concerns to business related aspects.
Keeping the above need in view, SC/RCs have associated to set up a working group drawing Members from the Licensed SC/RCs to be known as the Association of ARCs in India
(`Association`). The Association is governed by a set of Rules for practice for uniform adoption by the Members and is also planning to come out with a Code of Conduct for SC/RCs.