Press Releases - Regulating Non-Banking - આરબીઆઈ - Reserve Bank of India
પ્રેસ રિલીઝ
ડિસે 08, 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 certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. Wizard Mutual Benefit Company Ltd., 221 Canal Road, Rustampur, Gorakhpur-273 001, Uttar Pradesh7.12.19992. Wizard Leasings Limited, 221 Canal Road, Rustampur, Gorakhpur-273 001, Uttar P
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 certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. Wizard Mutual Benefit Company Ltd., 221 Canal Road, Rustampur, Gorakhpur-273 001, Uttar Pradesh7.12.19992. Wizard Leasings Limited, 221 Canal Road, Rustampur, Gorakhpur-273 001, Uttar P
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ડિસે 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 December 6, 1999, the application for Certificate of Registration submitted by the financial company M/s. Disha Mutual Benefits Ltd., C 3225, Rajaji Puram, Lucknow - 226 017.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 Ba
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 6, 1999, the application for Certificate of Registration submitted by the financial company M/s. Disha Mutual Benefits Ltd., C 3225, Rajaji Puram, Lucknow - 226 017.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 Ba
ડિસે 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 December 3, 1999, the application for Certificate of Registration submitted by the financial company M/s. Mortein Finlease Pvt. Ltd., 2211 Sector-13, Karnal-132 001, Haryana.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 Ba
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 3, 1999, the application for Certificate of Registration submitted by the financial company M/s. Mortein Finlease Pvt. Ltd., 2211 Sector-13, Karnal-132 001, Haryana.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 Ba
ડિસે 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 November 30, 1999, the application for Certificate of Registration submitted by the financial company M/s. Marg Holdings and Financial Services Ltd., having its Registered Office at 501, Apex Chambers, 20, Thiagaraya Road, T.Nagar, Chennai 600 017.As such, the above company cannot transact the business of a non-banking financ
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 November 30, 1999, the application for Certificate of Registration submitted by the financial company M/s. Marg Holdings and Financial Services Ltd., having its Registered Office at 501, Apex Chambers, 20, Thiagaraya Road, T.Nagar, Chennai 600 017.As such, the above company cannot transact the business of a non-banking financ
નવે 30, 1999
RBI clarifies on pending NBFC applications
A section of the press had reported that 28,232 applications of non-banking finance companies (NBFCs) are pending for registration with the Reserve Bank and there is no immediate action plan for disposal of these applications.The Reserve Bank of India has clarified that the Reserve Bank of India Act, 1934, as approved by the Parliament, NBFCs having Net Owned Funds below Rs.25 lakh have been given time up to three years to attain the norm of Rs.25 lakh. The time expir
A section of the press had reported that 28,232 applications of non-banking finance companies (NBFCs) are pending for registration with the Reserve Bank and there is no immediate action plan for disposal of these applications.The Reserve Bank of India has clarified that the Reserve Bank of India Act, 1934, as approved by the Parliament, NBFCs having Net Owned Funds below Rs.25 lakh have been given time up to three years to attain the norm of Rs.25 lakh. The time expir
નવે 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 November 22, 1999, the application for Certificate of Registration submitted by the financial company, M/s. M.D.D. Mutual Benefits Ltd., 555/GA/1/58 Barabirwa, Alambagh, Lucknow.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 November 22, 1999, the application for Certificate of Registration submitted by the financial company, M/s. M.D.D. Mutual Benefits Ltd., 555/GA/1/58 Barabirwa, Alambagh, Lucknow.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
નવે 22, 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 November 22, 1999, the application for Certificate of Registration submitted by the financial company Kandoi Finance Private Ltd., Professor Para, Cuttack-753 003.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 India
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 November 22, 1999, the application for Certificate of Registration submitted by the financial company Kandoi Finance Private Ltd., Professor Para, Cuttack-753 003.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 India
નવે 22, 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 November 22, 1999, the application for Certificate of Registration submitted by the financial company M/s. Rapti Group of Finance Ltd., 36, Kings Road, 4th Floor, 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
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 November 22, 1999, the application for Certificate of Registration submitted by the financial company M/s. Rapti Group of Finance Ltd., 36, Kings Road, 4th Floor, 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
નવે 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 November 17, 1999, the application for Certificate of Registration submitted by the financial company Tanjor Finlease Ltd., 501, Gupta Complex, Inderlok Chowk, 1, Old Rohtak Road, New Delhi-110 035.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Sectio
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 November 17, 1999, the application for Certificate of Registration submitted by the financial company Tanjor Finlease Ltd., 501, Gupta Complex, Inderlok Chowk, 1, Old Rohtak Road, New Delhi-110 035.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Sectio
નવે 16, 1999
RBI notifies changes in NBFC Regulations
The Reserve Bank of India today notified the changes in its regulations pertaining to the NBFCs for implementation. The decision to modify the regulations was announced in the Governor's Statement on Mid-Term Review of the Monetary and Credit Policy for the year 1999-2000 on October 29, 1999. The changes come into force with immediate effect.Borrowings from mutual funds exempted from public deposits The Non-Banking Financial Companies Acceptance of Public Deposits (Re
The Reserve Bank of India today notified the changes in its regulations pertaining to the NBFCs for implementation. The decision to modify the regulations was announced in the Governor's Statement on Mid-Term Review of the Monetary and Credit Policy for the year 1999-2000 on October 29, 1999. The changes come into force with immediate effect.Borrowings from mutual funds exempted from public deposits The Non-Banking Financial Companies Acceptance of Public Deposits (Re
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