Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Jun 15, 2002
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 on 1) Zee Mutual Benefits LimitedMay 23, 2002 Rashidi Gaus Market, Koharapeer, Bareilly (U.P.) 2) Jindal Instalment Supply Co. Pvt. Ltd., Civil Lines, RampurMay 21, 2002 3) Jeevan Sahara Mutual
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 on 1) Zee Mutual Benefits LimitedMay 23, 2002 Rashidi Gaus Market, Koharapeer, Bareilly (U.P.) 2) Jindal Instalment Supply Co. Pvt. Ltd., Civil Lines, RampurMay 21, 2002 3) Jeevan Sahara Mutual
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Jun 13, 2002
RBI Cancellation of Registration licence application of Maha Rashtra Apex Corporation Limited
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA (6) of the Reserve Bank of India Act, 1934, has cancelled on June 13, 2002 the certificate of Registration granted to Maha Rashtra Apex Corporation Limited having its registered office at Syndicate House, Manipal-576 119, Udupi District, Karnataka. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45
The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA (6) of the Reserve Bank of India Act, 1934, has cancelled on June 13, 2002 the certificate of Registration granted to Maha Rashtra Apex Corporation Limited having its registered office at Syndicate House, Manipal-576 119, Udupi District, Karnataka. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45
Jun 06, 2002
NBFC Auditors Directed to Verify Continued Compliance of Capital Adequacy Ratio Requirement
The Reserve Bank of India today amended the formats of the certificates to be furnished by the NBFCs and their auditors in the half yearly return on prudential norms (Form NBS-2). The auditors would now have to certify that the capital adequacy ratio has been maintained by these companies on an on-going basis. The Reserve Bank has clarified that if there is a violation of this requirement by any company, the auditors of these companies should indicate such violation i
The Reserve Bank of India today amended the formats of the certificates to be furnished by the NBFCs and their auditors in the half yearly return on prudential norms (Form NBS-2). The auditors would now have to certify that the capital adequacy ratio has been maintained by these companies on an on-going basis. The Reserve Bank has clarified that if there is a violation of this requirement by any company, the auditors of these companies should indicate such violation i
May 27, 2002
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 May 9, 2002 the application for certificate of registration submitted by M/s. VJS Investments Private Ltd., Shop A-1, Piyush Apartment, Siddhi Vinayak Hospital Lane, Navghar Road, Bhayander (E), Dist. Thane, Pin-401 105, Maharashtra. As such, the above company cannot transact the business of a non-banking financial institutio
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 May 9, 2002 the application for certificate of registration submitted by M/s. VJS Investments Private Ltd., Shop A-1, Piyush Apartment, Siddhi Vinayak Hospital Lane, Navghar Road, Bhayander (E), Dist. Thane, Pin-401 105, Maharashtra. As such, the above company cannot transact the business of a non-banking financial institutio
May 22, 2002
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 May 17, 2002 the application for certificate of registration submitted by M/s. Maharashtra Motors (Mumbai) Ltd., (formerly Mohindra Motorparts Ltd.), 317, Sanghrajka House, 3rd Floor, 413, Lemington Road, Mumbai 400 004. As such, the above company cannot transact the business of a non-banking financial institution as defined
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 May 17, 2002 the application for certificate of registration submitted by M/s. Maharashtra Motors (Mumbai) Ltd., (formerly Mohindra Motorparts Ltd.), 317, Sanghrajka House, 3rd Floor, 413, Lemington Road, Mumbai 400 004. As such, the above company cannot transact the business of a non-banking financial institution as defined
May 21, 2002
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 May 15, 2002 the application for certificate of registration submitted by M/s. Maniram Consultants & Investment Pvt Ltd., 143, Mittal Court `A' Wing, Nariman Point, Mumbai 400 021. 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 May 15, 2002 the application for certificate of registration submitted by M/s. Maniram Consultants & Investment Pvt Ltd., 143, Mittal Court `A' Wing, Nariman Point, Mumbai 400 021. 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
May 21, 2002
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 May 15, 2002 the application for certificate of registration submitted by M/s. Sanwa Capitals Private Limited, Jayem House, 97/99, Bombay Samachar Marg, Fort, Mumbai 400 023. 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 Reserve
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 May 15, 2002 the application for certificate of registration submitted by M/s. Sanwa Capitals Private Limited, Jayem House, 97/99, Bombay Samachar Marg, Fort, Mumbai 400 023. 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 Reserve
May 21, 2002
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 May 15, 2002 the application for certificate of registration submitted by M/s. Sanwa Consultants Private Limited, Jayem House, 97/99, Bombay Samachar Marg, Fort, Mumbai 400 023. 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 Reser
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 May 15, 2002 the application for certificate of registration submitted by M/s. Sanwa Consultants Private Limited, Jayem House, 97/99, Bombay Samachar Marg, Fort, Mumbai 400 023. 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 Reser
May 21, 2002
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 May 15, 2002 the application for certificate of registration submitted by M/s. Sanwa Developments Private Limited, Jayem House, 97/99, Bombay Samachar Marg, Fort, Mumbai 400 023. 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 May 15, 2002 the application for certificate of registration submitted by M/s. Sanwa Developments Private Limited, Jayem House, 97/99, Bombay Samachar Marg, Fort, Mumbai 400 023. 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
May 21, 2002
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 May 15, 2002 the application for certificate of registration submitted by M/s. Sanwa Projects Private Limited, Jayem House, 97/99, Bombay Samachar Marg, Fort, Mumbai 400 023. 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 Reserve
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 May 15, 2002 the application for certificate of registration submitted by M/s. Sanwa Projects Private Limited, Jayem House, 97/99, Bombay Samachar Marg, Fort, Mumbai 400 023. 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 Reserve
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