Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Jul 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 July 24, 2000 the application for certificate of registration submitted by the financial company M/s. Ladam Finance Ltd., Ladam House, M. Road, Opp. ITC, Waghale Industrial Estate, Thane-400 604.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 4
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 24, 2000 the application for certificate of registration submitted by the financial company M/s. Ladam Finance Ltd., Ladam House, M. Road, Opp. ITC, Waghale Industrial Estate, Thane-400 604.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 4
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Jul 26, 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 July 22, 2000 the application for certificate of registration submitted by M/s. Gautam Credits Pvt. Ltd., 2659/3, Gurudwara Road, Karol Bagh, New Delhi-110 005.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 Bank of India A
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 22, 2000 the application for certificate of registration submitted by M/s. Gautam Credits Pvt. Ltd., 2659/3, Gurudwara Road, Karol Bagh, New Delhi-110 005.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 Bank of India A
Jul 19, 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 July 18, 2000 the application for certificate of registration submitted by Siddhant Housing Development Ltd., having its Registered Office at 54, Shankar Chambers, Near H.K.House, Ashram Road, Ahmedabad.As such, the above company cannot transact the business of a Non-Banking Financial Institution as defined in Clause (a) of S
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 18, 2000 the application for certificate of registration submitted by Siddhant Housing Development Ltd., having its Registered Office at 54, Shankar Chambers, Near H.K.House, Ashram Road, Ahmedabad.As such, the above company cannot transact the business of a Non-Banking Financial Institution as defined in Clause (a) of S
Jul 18, 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 July 7, 2000 the application for certificate of registration submitted by M/s. Shrushti Finlease Pvt. Ltd., 8, C-D, Centre Point, Panchavati, C. G. Road, Ahmedabad-380 006.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 Ban
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 7, 2000 the application for certificate of registration submitted by M/s. Shrushti Finlease Pvt. Ltd., 8, C-D, Centre Point, Panchavati, C. G. Road, Ahmedabad-380 006.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 Ban
Jul 18, 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 July 15, 2000 the application for certificate of registration submitted by the financial company M/s. Hope Leasing & Finance Ltd., 34/East, Ruparel House, Scheme No.6, Road, No.2, Sion (East), Mumbai 400 022.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 July 15, 2000 the application for certificate of registration submitted by the financial company M/s. Hope Leasing & Finance Ltd., 34/East, Ruparel House, Scheme No.6, Road, No.2, Sion (East), Mumbai 400 022.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause
Jul 17, 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 July 15, 2000 the application for certificate of registration submitted by the financial company Ahuja Instalment Company Private Limited, Nainital Road, Civil Lines, Rampur-244 901, Uttar Pradesh.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section
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, 2000 the application for certificate of registration submitted by the financial company Ahuja Instalment Company Private Limited, Nainital Road, Civil Lines, Rampur-244 901, Uttar Pradesh.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section
Jul 10, 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 June 29, 2000 the application for certificate of registration submitted by the financial company M/s. Loyal Finlease Private Ltd., A-22, Shiv Complex, Subhash Road, Anand, Gujarat.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 Res
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 June 29, 2000 the application for certificate of registration submitted by the financial company M/s. Loyal Finlease Private Ltd., A-22, Shiv Complex, Subhash Road, Anand, Gujarat.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 Res
Jul 06, 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 July 5, 2000 the application for certificate of registration submitted by M/s Al-Fahad Investments Ltd., 152, Sanghi Street, P.O.Mhow, Distt.Indore (M.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 the Reserve Bank of India Act. 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 July 5, 2000 the application for certificate of registration submitted by M/s Al-Fahad Investments Ltd., 152, Sanghi Street, P.O.Mhow, Distt.Indore (M.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 the Reserve Bank of India Act. T
Jul 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 June 29, 2000 the application for certificate of registration submitted by M/s Singh Finco Ltd., 28, Strand Road, Calcutta - 700 001.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 the Reserve Bank of India Act, 1934. The company has a
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 June 29, 2000 the application for certificate of registration submitted by M/s Singh Finco Ltd., 28, Strand Road, Calcutta - 700 001.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 the Reserve Bank of India Act, 1934. The company has a
Jul 03, 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 June 30, 2000 the application for certificate of registration submitted by Sanchani Vanijya and Vittiya Company Ltd., Azad Market, Meeranpur, Akbarpur, Distt. Ambedkar Nagar, Uttar Pradesh.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 rejected on June 30, 2000 the application for certificate of registration submitted by Sanchani Vanijya and Vittiya Company Ltd., Azad Market, Meeranpur, Akbarpur, Distt. Ambedkar Nagar, Uttar Pradesh.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
Jul 01, 2000
Cancellation of 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 cancelled on June 29, 2000 the certificate of Registration granted to M/s.Lynx India Ltd., having its Registered Office at 12G, Chakraberia Road (North), ground floor, Calcutta-700 020 for carrying on the business of a non-banking financial institution. Further, RBI, in exercise of powers conferred on it under Section 45MB(I) and 45 MB(2
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 cancelled on June 29, 2000 the certificate of Registration granted to M/s.Lynx India Ltd., having its Registered Office at 12G, Chakraberia Road (North), ground floor, Calcutta-700 020 for carrying on the business of a non-banking financial institution. Further, RBI, in exercise of powers conferred on it under Section 45MB(I) and 45 MB(2
Jun 30, 2000
Rejection of Application for grant of Certificate of Registration to carry on the business of a Non-Banking Financial Institution
The Reserve Bank of India has, in exercise of the powers conferred on it under Section 45IA of the Reserve Bank of India Act, 1934, rejected the application for grant of Certificate of Registration of M/s. MCC Finance Ltd., for carrying on the business of a Non-Banking Financial Institution. The application was rejected on June 26, 2000. M/s. MCC Finance Ltd., has its registered office at 36-40, Armenian Street, Chennai 600 001. As such, the company cannot transact th
The Reserve Bank of India has, in exercise of the powers conferred on it under Section 45IA of the Reserve Bank of India Act, 1934, rejected the application for grant of Certificate of Registration of M/s. MCC Finance Ltd., for carrying on the business of a Non-Banking Financial Institution. The application was rejected on June 26, 2000. M/s. MCC Finance Ltd., has its registered office at 36-40, Armenian Street, Chennai 600 001. As such, the company cannot transact th
Jun 30, 2000
RBI rationalise NBFC Regulations
The Reserve Bank of India today announced rationalisation of some of the regulations and other measures as applicable to Non-Banking Financial Companies (NBFCs) and Residuary Non-Banking Companies (RNBCs). The changes made are - Provisioning norms in respect of lease and hire purchase assets have been rationalised to encourage the NBFCs to continue to extend the facility against second hand assets as part of their contribution to the economic development of the countr
The Reserve Bank of India today announced rationalisation of some of the regulations and other measures as applicable to Non-Banking Financial Companies (NBFCs) and Residuary Non-Banking Companies (RNBCs). The changes made are - Provisioning norms in respect of lease and hire purchase assets have been rationalised to encourage the NBFCs to continue to extend the facility against second hand assets as part of their contribution to the economic development of the countr
Jun 30, 2000
Rejection of Application for grant of Certificate of Registration to carry on the business of a Non-Banking Financial Institution
The Reserve Bank of India has, in exercise of the powers conferred on it under Section 45IA of the Reserve Bank of India Act, 1934, rejected the application for grant of Certificate of Registration of M/s. Sanmitra Credits Ltd., for carrying on the business of a Non-Banking Financial Institution. The application was rejected on June 27, 2000. M/s. Sanmitra Credits Ltd., has its registered office at 15/1, Upstairs, West Park Road, 9th Cross, Malleswaram, Bangalore-560
The Reserve Bank of India has, in exercise of the powers conferred on it under Section 45IA of the Reserve Bank of India Act, 1934, rejected the application for grant of Certificate of Registration of M/s. Sanmitra Credits Ltd., for carrying on the business of a Non-Banking Financial Institution. The application was rejected on June 27, 2000. M/s. Sanmitra Credits Ltd., has its registered office at 15/1, Upstairs, West Park Road, 9th Cross, Malleswaram, Bangalore-560
Jun 27, 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 June 21, 2000 the application for certificate of registration submitted by the financial company M/s. Yashika Finance & Investment Ltd., Gandhidham, Plot No.46, Sector 8, Gandhidham, Kutch.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 of the Reserve Bank of India Act, 1934, has rejected on June 21, 2000 the application for certificate of registration submitted by the financial company M/s. Yashika Finance & Investment Ltd., Gandhidham, Plot No.46, Sector 8, Gandhidham, Kutch.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45
Jun 24, 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 June 21, 2000 the application for certificate of registration submitted by Sri Subabharathi Finance & Investments Ltd., No.401, Bharati Lodge T. S. No.4216, South Fourth Street, Pudukottai 622 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Sec
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 June 21, 2000 the application for certificate of registration submitted by Sri Subabharathi Finance & Investments Ltd., No.401, Bharati Lodge T. S. No.4216, South Fourth Street, Pudukottai 622 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Sec
Jun 20, 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 June 16, 2000 the application for certificate of registration submitted by M/s. Pennar Paterson Ltd., Plot No.38, Chikoti Gardens, Begumpet, Hyderabad-500 016.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 Bank of India Ac
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 June 16, 2000 the application for certificate of registration submitted by M/s. Pennar Paterson Ltd., Plot No.38, Chikoti Gardens, Begumpet, Hyderabad-500 016.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 Bank of India Ac
Jun 19, 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 June 16, 2000 the application for certificate of registration submitted by the Tathagat Small Industrial Investments Limited, having its Registered Office at 3A, Model Town, Ghaziabad, Uttar Pradesh.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Secti
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 June 16, 2000 the application for certificate of registration submitted by the Tathagat Small Industrial Investments Limited, having its Registered Office at 3A, Model Town, Ghaziabad, Uttar Pradesh.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Secti
Jun 12, 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 June 10, 2000 the application for certificate of registration submitted by Shree Shokhaji Finance & Investment Company Limited, Raja Bagicha, Durgabari Road, B, Deoghar, Bihar.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 Res
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 June 10, 2000 the application for certificate of registration submitted by Shree Shokhaji Finance & Investment Company Limited, Raja Bagicha, Durgabari Road, B, Deoghar, Bihar.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 Res
Jun 09, 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 June 9, 2000 the application for certificate of registration submitted by the financial company Dharohar Leasing Limited, `Ajay Bhawan', 4th Floor, Maldahiya, Varanasi 2, Uttar Pradesh. 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 June 9, 2000 the application for certificate of registration submitted by the financial company Dharohar Leasing Limited, `Ajay Bhawan', 4th Floor, Maldahiya, Varanasi 2, Uttar Pradesh. 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
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