Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Feb 14, 2000
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 February 11, 2000 the application for Certificate of Registration submitted by Karoon Mutual Benefit Limited, having its Registered Office at Sector M, E-IV, 186, Aliganj, Lucknow, U.P.As such, the above company cannot transact the business of a Non-Banking Financial Institution as defined in Clause (a) of Section 45 IA of th
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 February 11, 2000 the application for Certificate of Registration submitted by Karoon Mutual Benefit Limited, having its Registered Office at Sector M, E-IV, 186, Aliganj, Lucknow, U.P.As such, the above company cannot transact the business of a Non-Banking Financial Institution as defined in Clause (a) of Section 45 IA of th
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Feb 08, 2000
Certificate of Registration mandatory for NBFCs/RNBCs
The Reserve Bank of India has clarified that it is mandatory for all the non-banking financial companies (NBFCs) including residuary non-banking companies (RNBCs) to obtain a Certificate of Registration from the Bank under Section 45-IA of the Reserve Bank of India Act. This requirement is mandatory even for those NBFCs which do not hold/accept deposits from public or which are holding companies or investment companies not trading in the shares held by them, etc. The
The Reserve Bank of India has clarified that it is mandatory for all the non-banking financial companies (NBFCs) including residuary non-banking companies (RNBCs) to obtain a Certificate of Registration from the Bank under Section 45-IA of the Reserve Bank of India Act. This requirement is mandatory even for those NBFCs which do not hold/accept deposits from public or which are holding companies or investment companies not trading in the shares held by them, etc. The
Feb 08, 2000
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 February 5, 2000 the application for Certificate of Registration submitted by the financial company M/s. Attic Finvest Pvt. Ltd., B-4, Satya Tower, 36, Commercial Complex, Wazirpur Industrial Area, Delhi-110 052.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 it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on February 5, 2000 the application for Certificate of Registration submitted by the financial company M/s. Attic Finvest Pvt. Ltd., B-4, Satya Tower, 36, Commercial Complex, Wazirpur Industrial Area, Delhi-110 052.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause
Feb 08, 2000
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 February 5, 2000 the application for Certificate of Registration submitted by the financial company Bharatiya Krishi Import Commercial Company Limited, Yogia Tola, Yarpur, Patna-800 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of 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 on February 5, 2000 the application for Certificate of Registration submitted by the financial company Bharatiya Krishi Import Commercial Company Limited, Yogia Tola, Yarpur, Patna-800 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of t
Feb 05, 2000
Rejection of applications 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 the applications for certificate of registration submitted by the following non-banking financial companies:Name of the CompanyRejected on1. M/s Flawless Leasing and Housing Finance Ltd., B 38/13-8 Navodit Nagar, Mahmoorganj, Varanasi 221010(U.P.)February 3, 20002.Drishtikone Finance and Leasing Company Ltd. Nazma Market, Bulaki
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 certificate of registration submitted by the following non-banking financial companies:Name of the CompanyRejected on1. M/s Flawless Leasing and Housing Finance Ltd., B 38/13-8 Navodit Nagar, Mahmoorganj, Varanasi 221010(U.P.)February 3, 20002.Drishtikone Finance and Leasing Company Ltd. Nazma Market, Bulaki
Feb 05, 2000
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 February 3, 2000 the application for Certificate of Registration submitted by the financial company Kashmir Valley Finance & Investment Co. Ltd., K.P. Road, Anantnag, Kashmir.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Rese
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 February 3, 2000 the application for Certificate of Registration submitted by the financial company Kashmir Valley Finance & Investment Co. Ltd., K.P. Road, Anantnag, Kashmir.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Rese
Feb 04, 2000
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 February 3, 2000 the application for Certificate of Registration submitted by the financial company Vanguard (India) Finance Limited, Hem Ram Bora Complex, First Floor, Opp. G.L. Publication, P.O. Ulbari, Guwahati.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clau
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 February 3, 2000 the application for Certificate of Registration submitted by the financial company Vanguard (India) Finance Limited, Hem Ram Bora Complex, First Floor, Opp. G.L. Publication, P.O. Ulbari, Guwahati.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clau
Feb 04, 2000
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. Trade Well Finance Limited, Radhika Mansion, Kunwar Singh Chowk, Jugsalai, Jamshedpur-831 00203.02.20002.Cosmen Finance & Investment Limited 114, Jagat Trade Centre, Fraser Road, Pa
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. Trade Well Finance Limited, Radhika Mansion, Kunwar Singh Chowk, Jugsalai, Jamshedpur-831 00203.02.20002.Cosmen Finance & Investment Limited 114, Jagat Trade Centre, Fraser Road, Pa
Feb 01, 2000
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. Nezone Valley Finvest Private Limited Natunpara, Tezpur, Dist. Sonitpur, Assam.27.01.20002.Shree Finance and Securities Limited, Dolamundai, Mahatab Road, Pithapur, Cuttack-753 001.29.0
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. Nezone Valley Finvest Private Limited Natunpara, Tezpur, Dist. Sonitpur, Assam.27.01.20002.Shree Finance and Securities Limited, Dolamundai, Mahatab Road, Pithapur, Cuttack-753 001.29.0
Jan 31, 2000
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 January 27, 2000 the application for Certificate of Registration submitted by the financial company Shubhashish Finlease Private Ltd., B-27, Govardhan Nagar, Motived, Surat-395 004.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Re
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 January 27, 2000 the application for Certificate of Registration submitted by the financial company Shubhashish Finlease Private Ltd., B-27, Govardhan Nagar, Motived, Surat-395 004.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Re
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