RBI names six member committee to review ARC norms SECTIONS Share Synopsis The committee will review legal and regulatory framework of ARCs and recommend measures to improve their efficacy and also their role in resolution of stressed assets including under Insolvency & Bankruptcy Code (IBC). The committee has to submit its report within three months from the date of its first meeting. RBI had announced a review of ARC regulations in its April monetary policy review. Reserve Bank of India (RBI) has named a six member committee under the chairmanship of Sudarshan Sen former RBI executive director to review regulations on asset reconstruction companies (ARCs).