Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Aug 25, 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 August 23, 1999 the application for certificate of registration submitted by the financial company M/s. Tulip Finance Ltd., 3rd Floor, United India Life Building, "F" Block, Connaught Place, New Delhi-110 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (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 August 23, 1999 the application for certificate of registration submitted by the financial company M/s. Tulip Finance Ltd., 3rd Floor, United India Life Building, "F" Block, Connaught Place, New Delhi-110 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a
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Aug 24, 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 on1. M/s. Platinum Finance Ltd., P-3, C.I.T., Road Scheme No.52, Entally, Calcutta-700 014, West Bengal.23.8.19992.M/s. Savera Securities (India) Ltd., 47, Janakpuri, Bareilly (U.P.)23.8.1
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 on1. M/s. Platinum Finance Ltd., P-3, C.I.T., Road Scheme No.52, Entally, Calcutta-700 014, West Bengal.23.8.19992.M/s. Savera Securities (India) Ltd., 47, Janakpuri, Bareilly (U.P.)23.8.1
Aug 19, 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 on1. M/s. Rajendra Finance & Leasing (Private) Ltd., Old Post Office Building, Maya Bazar, Visnagar-384 315.18.8.19992.M/s. Vindyasara Finance & Savings (I) Pvt. Ltd., 27/A-1251, G
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 on1. M/s. Rajendra Finance & Leasing (Private) Ltd., Old Post Office Building, Maya Bazar, Visnagar-384 315.18.8.19992.M/s. Vindyasara Finance & Savings (I) Pvt. Ltd., 27/A-1251, G
Aug 19, 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 on1. M/s. Deeplaxmi Savings & Investments Co. Ltd., 209, Citicentre Building, Patto Plaza, Panaji-403 001.18.8.19992.M/s. Ashraya Finance & Investments Ltd., Prabhat Chowk, Amravat
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 on1. M/s. Deeplaxmi Savings & Investments Co. Ltd., 209, Citicentre Building, Patto Plaza, Panaji-403 001.18.8.19992.M/s. Ashraya Finance & Investments Ltd., Prabhat Chowk, Amravat
Aug 19, 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 on1. Sweethome Lease & Hire Purchase (P) Ltd., 46-47, River Palace, Nanpura, Surat.18.8.19992.M/s. Islamic Finance & Investments Co. Ltd., 3, Nawab Badruddin Street, Calcutta-700 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 a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. Sweethome Lease & Hire Purchase (P) Ltd., 46-47, River Palace, Nanpura, Surat.18.8.19992.M/s. Islamic Finance & Investments Co. Ltd., 3, Nawab Badruddin Street, Calcutta-700 0
Aug 18, 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 on1. M/s. Fineline Finance and Investments Ltd., Ananda Building, First Floor, No.3, Station Road, West Mambalam, Chennai-600 033.14.8.19992.M/s. Godavari Hire Purchase (P) Ltd., Near Rail
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 on1. M/s. Fineline Finance and Investments Ltd., Ananda Building, First Floor, No.3, Station Road, West Mambalam, Chennai-600 033.14.8.19992.M/s. Godavari Hire Purchase (P) Ltd., Near Rail
Aug 18, 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 August 16, 1999 the application for certificate of registration submitted by the financial company Saritha Leafin (P) Ltd., 3-5-944/222 & 223, Panchavati Mall, Opp. Taj Mahal Hotel, Narayanguda, Hyderabad.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (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 August 16, 1999 the application for certificate of registration submitted by the financial company Saritha Leafin (P) Ltd., 3-5-944/222 & 223, Panchavati Mall, Opp. Taj Mahal Hotel, Narayanguda, Hyderabad.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a
Aug 18, 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 August 16, 1999 the application for certificate of registration submitted by the financial company M/s. Verona Commercial Credit & Investment Co. Ltd., 68B, A.P.C. Road, 2nd Floor, Room No. 16, Calcutta-700 009.As such, the above company cannot transact the business of a non-banking financial institution as defined in Cla
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 August 16, 1999 the application for certificate of registration submitted by the financial company M/s. Verona Commercial Credit & Investment Co. Ltd., 68B, A.P.C. Road, 2nd Floor, Room No. 16, Calcutta-700 009.As such, the above company cannot transact the business of a non-banking financial institution as defined in Cla
Aug 17, 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 August 16, 1999 the application for certificate of registration submitted by the financial company M/s. Mangal Finance Ltd., 202, Balarama House, 1, Karampura Commercial Complex, 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
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 August 16, 1999 the application for certificate of registration submitted by the financial company M/s. Mangal Finance Ltd., 202, Balarama House, 1, Karampura Commercial Complex, 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
Aug 16, 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 August 12, 1999 the application for certificate of registration submitted by the financial company M/s. Nagma Mutual Benefit (I) Ltd., 12-A, Nagma Market, Paltan Bazar, Pratapgarh (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 August 12, 1999 the application for certificate of registration submitted by the financial company M/s. Nagma Mutual Benefit (I) Ltd., 12-A, Nagma Market, Paltan Bazar, Pratapgarh (Uttar Pradesh).As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section
Aug 16, 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 August 13, 1999 the application for certificate of registration submitted by the financial company The City Investment & Finance Ltd., 81, Kharavel Nagar, Unit III, Bhubaneshwar-751 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I 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 August 13, 1999 the application for certificate of registration submitted by the financial company The City Investment & Finance Ltd., 81, Kharavel Nagar, Unit III, Bhubaneshwar-751 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I o
Aug 16, 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 August 13, 1999 the application for certificate of registration submitted by the financial company M/s. Grover Leasing Ltd., M-2, Yogeshwar, Connaught Place, New Delhi-110 001.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 it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on August 13, 1999 the application for certificate of registration submitted by the financial company M/s. Grover Leasing Ltd., M-2, Yogeshwar, Connaught Place, New Delhi-110 001.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
Aug 14, 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 August 12, 1999, the application for certificate of registration submitted by the financial company M/s. Parasrampuria Credit & Investments Ltd., Regent Chambers, 10th Floor, 208, Nariman Point, Mumbai 400 021.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 August 12, 1999, the application for certificate of registration submitted by the financial company M/s. Parasrampuria Credit & Investments Ltd., Regent Chambers, 10th Floor, 208, Nariman Point, Mumbai 400 021.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clau
Aug 11, 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 August 7, 1999 the application for certificate of registration submitted by the financial company Benison Finance Ltd., Chandmari (opp.Brahmaputra Flood Control Commission), Guwahati-781003.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I 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 August 7, 1999 the application for certificate of registration submitted by the financial company Benison Finance Ltd., Chandmari (opp.Brahmaputra Flood Control Commission), Guwahati-781003.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I o
Aug 07, 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 August 6, 1999 the application for certificate of registration submitted by the financial company M/s. Rapti Leasing Ltd., 36, Kings Road, Howrah-700 001, West Bengal.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 Bank of I
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 August 6, 1999 the application for certificate of registration submitted by the financial company M/s. Rapti Leasing Ltd., 36, Kings Road, Howrah-700 001, West Bengal.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 Bank of I
Aug 07, 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 August 6, 1999, the application for certificate of registration submitted by M/s. Leafin India Ltd., having its Registered Office at Suryakiran Apartment, Block 'A', 1-2-593/34, Gagan Mahal Colony, Domalguda, Hyderabad-500 029.As such, the 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 August 6, 1999, the application for certificate of registration submitted by M/s. Leafin India Ltd., having its Registered Office at Suryakiran Apartment, Block 'A', 1-2-593/34, Gagan Mahal Colony, Domalguda, Hyderabad-500 029.As such, the company cannot transact the business of a Non-Banking Financial Institution as defined
Aug 06, 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 August 4, 1999 the application for certificate of registration submitted by the financial company M/s. Vridhishree Finance & Investment (India) Ltd., 810, Jagat Trade Centre, Fraser Road, Patna-800 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) 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 August 4, 1999 the application for certificate of registration submitted by the financial company M/s. Vridhishree Finance & Investment (India) Ltd., 810, Jagat Trade Centre, Fraser Road, Patna-800 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) o
Aug 06, 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 August 5, 1999, the application for Certificate of Registration submitted by M/s. Allied Housing Development Finance Co. (P) Ltd., a Non-Banking Financial Company having its Registered Office at Sir R.N.Mukherjee Road, P.O. & P.S.Basirhat, Dist. North 24 Paraganas, West Bengal.As such, the company cannot transact the busi
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 August 5, 1999, the application for Certificate of Registration submitted by M/s. Allied Housing Development Finance Co. (P) Ltd., a Non-Banking Financial Company having its Registered Office at Sir R.N.Mukherjee Road, P.O. & P.S.Basirhat, Dist. North 24 Paraganas, West Bengal.As such, the company cannot transact the busi
Aug 05, 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 August 4, 1999 the application for certificate of registration submitted by the financial company M/s. Raunaq Finance Ltd., 418, 3rd Floor, Shalimar Complex, Church Road, Jaipur.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 Reserv
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 August 4, 1999 the application for certificate of registration submitted by the financial company M/s. Raunaq Finance Ltd., 418, 3rd Floor, Shalimar Complex, Church Road, Jaipur.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 Reserv
Aug 02, 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 31, 1999, the application for certificate of registration submitted by M/s. BPL Sanyo Finance Ltd., having its registered office at 1/1, Palace Road, Bangalore-560 001 for carrying on the business of a Non-Banking Financial Institution.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 31, 1999, the application for certificate of registration submitted by M/s. BPL Sanyo Finance Ltd., having its registered office at 1/1, Palace Road, Bangalore-560 001 for carrying on the business of a Non-Banking Financial Institution.As such, the company cannot transact the business of a Non-Banking Financial Instituti
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