CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the paid-up capital of Debt Resolution Company Ltd (IDRCL)?
A
Rs. 40.5 lakh
B
Rs. 80.5 lakh
C
Rs. 30.5 lakh
D
Rs. 100.5 lakh
Explanation: 

Detailed explanation-1: -India Debt Resolution Company Limited is a 1 year 5 months old Public Company incorporated on 03 Sep 2021. Its registered office is in Mumbai, Maharashtra, india. The Company’s status is Active. It’s a company limited by shares having an authorized capital of Rs 50.00 cr and a paid-up capital of Rs 20.00 cr as per MCA.

Detailed explanation-2: -Synopsis. IDRCL is an asset management company set up by the government with an authorized capital of Rs 50 crore.

Detailed explanation-3: -IDRCL is a private sector company controlled by private sector banks that own a 51% share. Its seven-member board is chaired by former SBI executive Diwakar Gupta. The current CEO and former head of SBI Mutual Fund’s alternative investment fund vertical, Manish Makharia, will make way for Kulkarni.

Detailed explanation-4: -The chief govt of India Resurgence Asset Reconstruction Firm (IRARC), Avinash Kulkarni, has been chosen to head the India Debt Decision Firm (IDRCL). Kulkarni is a (SBI) veteran, having undertaken numerous roles on the public sector behemoth.

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