Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Feb 02, 2002
Cancellation of the 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 on December 27, 2001 cancelled the certificate of registration issued to the financial company M/s. Shivanand Finance Ltd., 4, Laxmi Narian Shopping Complex, Sion-Trombay Road, Chembur, Mumbai 400 071.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA o
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 on December 27, 2001 cancelled the certificate of registration issued to the financial company M/s. Shivanand Finance Ltd., 4, Laxmi Narian Shopping Complex, Sion-Trombay Road, Chembur, Mumbai 400 071.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA o
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Jan 29, 2002
Cancellation of the certificate of registration
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 on January 14, 2002 cancelled the certificate of registration to Ram Mohan Financial Services Ltd., having its registered office at WZ-224, Street No.13, Hastsal Road, Uttam Nagar, New Delhi-110 059. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA
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 on January 14, 2002 cancelled the certificate of registration to Ram Mohan Financial Services Ltd., having its registered office at WZ-224, Street No.13, Hastsal Road, Uttam Nagar, New Delhi-110 059. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA
Jan 28, 2002
Rejection of application for certificate of registration
It is hereby notified for the information of public that 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 24, 2002 the application for certificate of registration submitted by Top Gear Leafin Pvt. Ltd., Door No.25-1-146/1, 1st floor, Nagarjuna Steels Bldg., R. Agraharam, Guntur, Andhra Pradesh-522 004, for carrying on the business of a Non-Banking Financial Institut
It is hereby notified for the information of public that 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 24, 2002 the application for certificate of registration submitted by Top Gear Leafin Pvt. Ltd., Door No.25-1-146/1, 1st floor, Nagarjuna Steels Bldg., R. Agraharam, Guntur, Andhra Pradesh-522 004, for carrying on the business of a Non-Banking Financial Institut
Jan 23, 2002
Rejection of application for certificate of registration
It is hereby notified for the information of public that 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 19, 2002 the application for certificate of registration submitted by M/s. Palacode Mookambigai Financiers Pvt. Ltd., No.40, Ponnan Street, Palacode-636 808, (Dist. Dharmapuri), for carrying on the business of a Non-Banking Financial Institution.As such, the abo
It is hereby notified for the information of public that 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 19, 2002 the application for certificate of registration submitted by M/s. Palacode Mookambigai Financiers Pvt. Ltd., No.40, Ponnan Street, Palacode-636 808, (Dist. Dharmapuri), for carrying on the business of a Non-Banking Financial Institution.As such, the abo
Jan 22, 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. M/s. Incan Investments and Leasing Ltd., 3/8, Vishwas Khand, Gomti Nagar, Lucknow, Uttar PradeshJanuary 17, 2002 2.M/s. Hindustan Hire Purchase Ltd., I. T. I. Chaurah, Farrukabad (U. P.)J
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. M/s. Incan Investments and Leasing Ltd., 3/8, Vishwas Khand, Gomti Nagar, Lucknow, Uttar PradeshJanuary 17, 2002 2.M/s. Hindustan Hire Purchase Ltd., I. T. I. Chaurah, Farrukabad (U. P.)J
Jan 15, 2002
Cancellation of the certificate of registration
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 rejected on January 10, 2002 the application for certificate of registration submitted by Padmaja Ventures Ltd., Plot No.160, AWHO Colony, Sector A, Phase III, Gautam Enclave, Secunderabad-500 009. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA o
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 rejected on January 10, 2002 the application for certificate of registration submitted by Padmaja Ventures Ltd., Plot No.160, AWHO Colony, Sector A, Phase III, Gautam Enclave, Secunderabad-500 009. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA o
Jan 14, 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 January 9, 2002 the application for certificate of registration submitted by Associated Business Credits Ltd., 163, Anna Salai, Channai-600 002, for carrying on the business of a Non-Banking Financial Institution. 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 January 9, 2002 the application for certificate of registration submitted by Associated Business Credits Ltd., 163, Anna Salai, Channai-600 002, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clau
Jan 11, 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 January 10, 2002 the application for certificate of registration submitted by M/s. Paro Leasing & Finance Limited, No.54, Sembudoss Street, 1st floor, Chennai 600 001, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial ins
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 10, 2002 the application for certificate of registration submitted by M/s. Paro Leasing & Finance Limited, No.54, Sembudoss Street, 1st floor, Chennai 600 001, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial ins
Jan 01, 2002
RBI rationalises NBFC Regulations
Considering the request from the industry, the Reserve Bank of India has decided to include loans against hypothecation of automobiles, aircrafts and ships registered with the concerned authority for the purpose of classification of a non-banking financial company into equipment leasing and hire purchase finance company. The Reserve Bank of India has also underlined a greater role for statutory auditors by reiterating its directions to report directly to the Reserve B
Considering the request from the industry, the Reserve Bank of India has decided to include loans against hypothecation of automobiles, aircrafts and ships registered with the concerned authority for the purpose of classification of a non-banking financial company into equipment leasing and hire purchase finance company. The Reserve Bank of India has also underlined a greater role for statutory auditors by reiterating its directions to report directly to the Reserve B
Dec 21, 2001
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 December 19, 2001 the application for certificate of registration submitted by Monarch Finlease Ltd., Door No.7-9, Sri Sai Ram Complex, 1st Floor, Opp. Bus Terminus, Dilsukh Nagar, Hyderabad-500 060, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of
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 December 19, 2001 the application for certificate of registration submitted by Monarch Finlease Ltd., Door No.7-9, Sri Sai Ram Complex, 1st Floor, Opp. Bus Terminus, Dilsukh Nagar, Hyderabad-500 060, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of
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