Press Releases - Regulating Non-Banking - আৰবিআই - Reserve Bank of India
প্ৰেছ ৰিলিজ
জুলাই 21, 1999
Application for grant of Certificate of Registration rejected
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the applications for grant of certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. M/s. Babu Venni Lakshmi Finvest Pvt. Ltd., 34-E/12, Morappur Main Road, Kambainallur, Harur Taluk, Dharmapuri Dist., Tamil Nadu-635 202.19.7.19992.M/s. Borsad Fincap Ltd., 5, Shivam Soc
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the applications for grant of certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. M/s. Babu Venni Lakshmi Finvest Pvt. Ltd., 34-E/12, Morappur Main Road, Kambainallur, Harur Taluk, Dharmapuri Dist., Tamil Nadu-635 202.19.7.19992.M/s. Borsad Fincap Ltd., 5, Shivam Soc
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জুলাই 19, 1999
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45-IA of the Reserve Bank of India Act, 1934, has rejected on July 15, 1999 the application for Certificate of Registration submitted by M/s. Jagpriya Finance & Investment Ltd., a Non-Banking Financial Company having its Registered Office at B-207, II Floor, Manpasand Complex, Bapunagar, Ahmedabad.As such, the company cannot transact the business of a Non-Banking Financial Instituti
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45-IA of the Reserve Bank of India Act, 1934, has rejected on July 15, 1999 the application for Certificate of Registration submitted by M/s. Jagpriya Finance & Investment Ltd., a Non-Banking Financial Company having its Registered Office at B-207, II Floor, Manpasand Complex, Bapunagar, Ahmedabad.As such, the company cannot transact the business of a Non-Banking Financial Instituti
জুলাই 19, 1999
35 non-banking entities permitted to undertake ready forward transactions
The Government of India has issued a notification permitting 35 non-banking entities, to undertake ready forward transactions in notified government securities with other entities for this purpose. The non-banking entities include primary dealers, dedicated gilt funds, mutual funds, insurance companies and some financial institutions.It may be recalled that to improve the transmission mechanism of monetary policy and to further develop the money and debt markets in th
The Government of India has issued a notification permitting 35 non-banking entities, to undertake ready forward transactions in notified government securities with other entities for this purpose. The non-banking entities include primary dealers, dedicated gilt funds, mutual funds, insurance companies and some financial institutions.It may be recalled that to improve the transmission mechanism of monetary policy and to further develop the money and debt markets in th
জুলাই 19, 1999
RBI prohibits Ajmani Leasing & Finance Ltd. from accepting deposits
The Reserve Bank of India in exercise of the powers, conferred on it under Section 45K read with Section 45MB(1) of the Reserve Bank of India Act, 1934 has prohibited Ajmani Leasing & Finance Ltd., Bus Station Road, Lakhimpur Kheri (U.P.) from accepting deposits with effect from July 19, 1999 in any form, whether by way of fresh deposits or renewal or otherwise.Further, in exercise of the powers conferred on it under Section 45MB(2) of the Reserve Bank of India Ac
The Reserve Bank of India in exercise of the powers, conferred on it under Section 45K read with Section 45MB(1) of the Reserve Bank of India Act, 1934 has prohibited Ajmani Leasing & Finance Ltd., Bus Station Road, Lakhimpur Kheri (U.P.) from accepting deposits with effect from July 19, 1999 in any form, whether by way of fresh deposits or renewal or otherwise.Further, in exercise of the powers conferred on it under Section 45MB(2) of the Reserve Bank of India Ac
জুলাই 16, 1999
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on in under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on July 15, 1999 the application for certificate of registration submitted by the financial company M/s. Nikhil Jyoti Finance & Investment (India) Ltd., Opp. Balram Talkies, Nehru Nagar Road, Bilaspur-495 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (
The Reserve Bank of India, in exercise of the powers conferred on in under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on July 15, 1999 the application for certificate of registration submitted by the financial company M/s. Nikhil Jyoti Finance & Investment (India) Ltd., Opp. Balram Talkies, Nehru Nagar Road, Bilaspur-495 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (
জুলাই 14, 1999
RBI prohibits Galaxy Growfin Ltd. from accepting deposits
It is hereby notified for the information of the public that the Reserve Bank of India in exercise of the powers, conferred on it under Section 45MB(1) of the Reserve Bank of India Act, 1934 has prohibited Galaxy Growfin Ltd., B.12/112-1, Gauriganj Bhelupura, Varanasi (U.P.) from accepting deposits with effect from July 14, 1999 in any form, whether by way of fresh deposits or renewal or otherwise.Further, in exercise of the powers conferred on it under Section 45MB(2
It is hereby notified for the information of the public that the Reserve Bank of India in exercise of the powers, conferred on it under Section 45MB(1) of the Reserve Bank of India Act, 1934 has prohibited Galaxy Growfin Ltd., B.12/112-1, Gauriganj Bhelupura, Varanasi (U.P.) from accepting deposits with effect from July 14, 1999 in any form, whether by way of fresh deposits or renewal or otherwise.Further, in exercise of the powers conferred on it under Section 45MB(2
জুলাই 13, 1999
Application for grant of Certificate of Registration rejected
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the applications for grant of certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. The Panchali Finance Company Pvt. Ltd., Station Gurudwara Road, Gaya-823 00210.7.19992.The Polyactive Finance India Ltd., Madhaul Bhawan, M.P. Colony, Station Road, Hajipur.10.7.19993.T
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the applications for grant of certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. The Panchali Finance Company Pvt. Ltd., Station Gurudwara Road, Gaya-823 00210.7.19992.The Polyactive Finance India Ltd., Madhaul Bhawan, M.P. Colony, Station Road, Hajipur.10.7.19993.T
জুলাই 12, 1999
Application for grant of Certificate of Registration rejected
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the applications for grant of a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on 1. M/s. Feasible Finance & Investment Company (I) Ltd., Vill Naraina, P.O.Sakaldiha, Chandauli, Varanasi-232 104 (U.P.)12.7.1999 2.M/s. Cobra Housing Finance & Leasing Co. Ltd.,
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the applications for grant of a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on 1. M/s. Feasible Finance & Investment Company (I) Ltd., Vill Naraina, P.O.Sakaldiha, Chandauli, Varanasi-232 104 (U.P.)12.7.1999 2.M/s. Cobra Housing Finance & Leasing Co. Ltd.,
জুলাই 12, 1999
Application for grant of Certificate of Registration rejected
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the applications for grant of certificates of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on 1. M/s. Lokasha Finance & Investment Ltd., 405, Kailash Complex II, Near Jain Derasar, Navrangpura, Ahmedabad-380 009.10.7.1999 2.M/s. Vraj Finance Ltd., 101, Bhagtani Bhavan, Plot N
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the applications for grant of certificates of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on 1. M/s. Lokasha Finance & Investment Ltd., 405, Kailash Complex II, Near Jain Derasar, Navrangpura, Ahmedabad-380 009.10.7.1999 2.M/s. Vraj Finance Ltd., 101, Bhagtani Bhavan, Plot N
জুলাই 12, 1999
Rejection of application for certificate of registration
The Reserve Bank of India, in exercise of the powers conferred on in under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on July 10, 1999 the application for certificate of registration submitted by the financial company The Jibanbikash General Finance & Investment (I) Ltd., Madhupatna, Cuttack.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I of the Reserve
The Reserve Bank of India, in exercise of the powers conferred on in under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on July 10, 1999 the application for certificate of registration submitted by the financial company The Jibanbikash General Finance & Investment (I) Ltd., Madhupatna, Cuttack.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I of the Reserve
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