Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Jul 02, 1999
Updated list of NBFCs
The Reserve Bank of India has updated the list of Non-Banking Financial Companies including Residuary Non-Banking Companies which are registered with the Reserve Bank and are permitted to accept public deposits and those whose applications for registration are rejected and are, therefore, not allowed to accept public deposits. The list updated till June 30, 1999 has been published on the Reserve Bank of India Website (URL : www.nbfclist.rbi.org.in). The list will be u
The Reserve Bank of India has updated the list of Non-Banking Financial Companies including Residuary Non-Banking Companies which are registered with the Reserve Bank and are permitted to accept public deposits and those whose applications for registration are rejected and are, therefore, not allowed to accept public deposits. The list updated till June 30, 1999 has been published on the Reserve Bank of India Website (URL : www.nbfclist.rbi.org.in). The list will be u
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Jul 01, 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 June 30, 1999, the application for Certificate of Registration submitted by M/s. R. Krishnaswamy Investments Pvt. Ltd., having its Registered Office at 1133, Trichy Road, Singanallur, Coimbatore-641 005.As such, the 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 June 30, 1999, the application for Certificate of Registration submitted by M/s. R. Krishnaswamy Investments Pvt. Ltd., having its Registered Office at 1133, Trichy Road, Singanallur, Coimbatore-641 005.As such, the company cannot transact the business of a Non-Banking Financial Institution as defined in Clause (a) of Section
Jul 01, 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 June 30, 1999, the application for Certificate of Registration submitted by the financial company M/s. Boaston Finance investment Pvt. Ltd., 111, Chinubhai Towers, Near H. K. College, Ahmedabad-380 009.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Se
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, 1999, the application for Certificate of Registration submitted by the financial company M/s. Boaston Finance investment Pvt. Ltd., 111, Chinubhai Towers, Near H. K. College, Ahmedabad-380 009.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Se
Jun 29, 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 June 25, 1999, the application for Certificate of Registration submitted by the financial company Khaddarwal Leasing (I) Ltd., Lal Quan, Buland Shahr, (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 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 June 25, 1999, the application for Certificate of Registration submitted by the financial company Khaddarwal Leasing (I) Ltd., Lal Quan, Buland Shahr, (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 I of the Reserve Bank of I
Jun 28, 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 June 21, 1999, the application for Certificate of Registration submitted by the financial company M/s.Renowned Small Savings Co. Ltd., Ashram Road, P.O. & Dist. Cooch Behar, 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
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, 1999, the application for Certificate of Registration submitted by the financial company M/s.Renowned Small Savings Co. Ltd., Ashram Road, P.O. & Dist. Cooch Behar, 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
Jun 28, 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 June 25, 1999, the application for Certificate of Registration submitted by the financial company M/s. Enrich Industries Ltd., 214 Spectrum Commercial, Near G.P.O., Salapose Road, Ahmedabad-380 001. As such, the above company cannot transact the business of a non-banking financial institution, as defined in Clause (a) of Sect
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 25, 1999, the application for Certificate of Registration submitted by the financial company M/s. Enrich Industries Ltd., 214 Spectrum Commercial, Near G.P.O., Salapose Road, Ahmedabad-380 001. As such, the above company cannot transact the business of a non-banking financial institution, as defined in Clause (a) of Sect
Jun 26, 1999
(i) Rapti Leasing Ltd., and (ii) Rapti Nidhi Ltd. Prohibited from accepting deposits
The Reserve Bank of India in exercise of the powers vested in it under sub-section (4) of Section 45K and Section 45MB of the Reserve Bank of India Act, 1934 has prohibited the undernoted two companies from accepting deposits from any person including the existing depositors/certificate holders, in any form whether by way of subscription/instalment to any scheme conducted by the company or by way of renewals under any such schemes/deposits or otherwise with immediate
The Reserve Bank of India in exercise of the powers vested in it under sub-section (4) of Section 45K and Section 45MB of the Reserve Bank of India Act, 1934 has prohibited the undernoted two companies from accepting deposits from any person including the existing depositors/certificate holders, in any form whether by way of subscription/instalment to any scheme conducted by the company or by way of renewals under any such schemes/deposits or otherwise with immediate
Jun 25, 1999
RBI discontinues Receipt of Return of Deposits from Non-Banking Non-Financial Companies
The Reserve Bank of India has decided to discontinue the system of receiving copies of return on deposits from the non-banking non-financial companies from the current reporting period, i.e., March 31, 1999 onwards.In terms of the provisions contained in the Companies Act, 1956, the non-banking non-financial companies were required to submit the return on deposits mobilised by them to the Registrar of Companies. Copies of these returns were also being received in the
The Reserve Bank of India has decided to discontinue the system of receiving copies of return on deposits from the non-banking non-financial companies from the current reporting period, i.e., March 31, 1999 onwards.In terms of the provisions contained in the Companies Act, 1956, the non-banking non-financial companies were required to submit the return on deposits mobilised by them to the Registrar of Companies. Copies of these returns were also being received in the
Jun 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 June 22, 1999, the application for Certificate of Registration submitted by the financial company M/s. Reginal Small Savings & Investments Ltd., Das Bhaban, Chhoto Bazar, P.O & Dist. Midnapur (West Bengal).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 June 22, 1999, the application for Certificate of Registration submitted by the financial company M/s. Reginal Small Savings & Investments Ltd., Das Bhaban, Chhoto Bazar, P.O & Dist. Midnapur (West Bengal).As such, the above company cannot transact the business of a non-banking financial institution as defined in Clau
Jun 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 June 24, 1999, the application for Certificate of Registration submitted by M/s.Goldfinch Finance & Leasing Ltd., having its Registered Office at 'Srikrishna', Plot No.9, Aurora Colony-II, Road No.3, Banjara Hills, Hyderabad-500 034.As such, the above company cannot transact the business of a Non-Banking Financial Institu
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 24, 1999, the application for Certificate of Registration submitted by M/s.Goldfinch Finance & Leasing Ltd., having its Registered Office at 'Srikrishna', Plot No.9, Aurora Colony-II, Road No.3, Banjara Hills, Hyderabad-500 034.As such, the above company cannot transact the business of a Non-Banking Financial Institu
Jun 23, 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 June 21, 1999, the application for Certificate of Registration submitted by the financial company M/s. Sankalpa Social Welfare Economy Ltd., Mahamaya, Dharampur, P.O. Chinsurah, Dist. Hooghly.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 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 June 21, 1999, the application for Certificate of Registration submitted by the financial company M/s. Sankalpa Social Welfare Economy Ltd., Mahamaya, Dharampur, P.O. Chinsurah, Dist. Hooghly.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I
Jun 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 June 15, 1999, the application for Certificate of Registration submitted by the financial company M/s. Krishna Credit Company Ltd., 17 A, Dr. Bidhan Roy Sarani, (M.Lane), More Pukur, Rishra, West Bengal-712 205.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 June 15, 1999, the application for Certificate of Registration submitted by the financial company M/s. Krishna Credit Company Ltd., 17 A, Dr. Bidhan Roy Sarani, (M.Lane), More Pukur, Rishra, West Bengal-712 205.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause
Jun 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 June 15, 1999, the application for Certificate of Registration submitted by M/s. Madhupala Credit Capitals Ltd., (formerly Auriferous Finance & Investment Ltd.,) now changed its name to M/s. Innareddy Computer Software Associates (I) Ltd., having its Registered Office at 203, Ashok Plaza, 2nd Floor, 10-1-126, Masab Tank,
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 15, 1999, the application for Certificate of Registration submitted by M/s. Madhupala Credit Capitals Ltd., (formerly Auriferous Finance & Investment Ltd.,) now changed its name to M/s. Innareddy Computer Software Associates (I) Ltd., having its Registered Office at 203, Ashok Plaza, 2nd Floor, 10-1-126, Masab Tank,
Jun 16, 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 certificates of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on 1. The Bhagwati Commercial Finance Pvt. Ltd., Kothiyatola Punarwas, P.O. Akhata, P. S. Punarwas, Dist. Sittamarhi, Bihar.14.6.1999 2.Hinglaj Finstock (India) Limited, 1, Jankinandan Soci
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 certificates of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on 1. The Bhagwati Commercial Finance Pvt. Ltd., Kothiyatola Punarwas, P.O. Akhata, P. S. Punarwas, Dist. Sittamarhi, Bihar.14.6.1999 2.Hinglaj Finstock (India) Limited, 1, Jankinandan Soci
Jun 16, 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 certificates of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on 1. M/s. Himalayan Fincap Ltd., Triveni Building, Khalini, Shimla-171 002.15.6.1999 2.M/s. Him Parvesh Finance Ltd., Sanmol Cottage, Chakkar, Shimla-171 005.15.6.1999As such, the above co
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 certificates of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on 1. M/s. Himalayan Fincap Ltd., Triveni Building, Khalini, Shimla-171 002.15.6.1999 2.M/s. Him Parvesh Finance Ltd., Sanmol Cottage, Chakkar, Shimla-171 005.15.6.1999As such, the above co
Jun 15, 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 June 14, 1999, the application for Certificate of Registration submitted by M/s. Madhupala Finance Ltd., having its Registered Office at 203, Ashok Plaza, 2nd Floor, 10-1-126, Masab Tank, Hyderabad-500028.As such, the 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 14, 1999, the application for Certificate of Registration submitted by M/s. Madhupala Finance Ltd., having its Registered Office at 203, Ashok Plaza, 2nd Floor, 10-1-126, Masab Tank, Hyderabad-500028.As such, the company cannot transact the business of a Non-Banking Financial Institution as defined in Clause (a) of Secti
Jun 15, 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 certificates of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on 1. Himachal Housing & Fiscal Services Ltd., Neelam Bhawan, Sanjauli, Shimla - 171 006.14.6.1999 2.Bachan Leasing & Auto Finance Limited, Diamond Complex, Opp. Bus Stand, Ludhiana
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 certificates of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on 1. Himachal Housing & Fiscal Services Ltd., Neelam Bhawan, Sanjauli, Shimla - 171 006.14.6.1999 2.Bachan Leasing & Auto Finance Limited, Diamond Complex, Opp. Bus Stand, Ludhiana
Jun 15, 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 June14, 1999, the application for Certificate of Registration submitted by the financial company, M/s. Kamal Capital and Finlease (India) Ltd., 2, Vaishali Flats, Opposite Naya Mandi, New Deesa-385 535.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Se
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 June14, 1999, the application for Certificate of Registration submitted by the financial company, M/s. Kamal Capital and Finlease (India) Ltd., 2, Vaishali Flats, Opposite Naya Mandi, New Deesa-385 535.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Se
Jun 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 June 8, 1999, the application for Certificate of Registration submitted by Aware (India) Foundation, a Non-Banking Financial Company having its Registered Office at H.No 8-2-703/A/6/B5, Road No.12, Banjara Hills, Hyderabad-500034.As such, the above company cannot transact the business of a non-banking financial institution as
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 8, 1999, the application for Certificate of Registration submitted by Aware (India) Foundation, a Non-Banking Financial Company having its Registered Office at H.No 8-2-703/A/6/B5, Road No.12, Banjara Hills, Hyderabad-500034.As such, the above company cannot transact the business of a non-banking financial institution as
Jun 10, 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 June 8, 1999, the application for Certificate of Registration submitted by the financial company, The Social Welfare Hire Purchase Company Ltd., M.S. Raza Building, Kabirpur, Nathnagar, Bhagalpur (Bihar).As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) 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 June 8, 1999, the application for Certificate of Registration submitted by the financial company, The Social Welfare Hire Purchase Company Ltd., M.S. Raza Building, Kabirpur, Nathnagar, Bhagalpur (Bihar).As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of
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