Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Sep 03, 2001
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 on1. M/s. Chirag Tie-up Pvt. Ltd.,August 30, 2001 168/A, Cotton Street, 4th Floor, Kolkata-700 007. 2.M/s. Chowrangee Marketing Pvt. Ltd.,August 30, 2001 168/A, Cotton Street, 4th Floor, Kolkat
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 on1. M/s. Chirag Tie-up Pvt. Ltd.,August 30, 2001 168/A, Cotton Street, 4th Floor, Kolkata-700 007. 2.M/s. Chowrangee Marketing Pvt. Ltd.,August 30, 2001 168/A, Cotton Street, 4th Floor, Kolkat
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Aug 31, 2001
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 company:Name of the CompanyRejected on Chakrapani Mutual Benefit Ltd., Registered Office : G-7 Indira Nagar, Lucknow, Uttar PradeshAugust 23, 2001 As such, the above company cannot transact the business of a non-banking financial in
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 company:Name of the CompanyRejected on Chakrapani Mutual Benefit Ltd., Registered Office : G-7 Indira Nagar, Lucknow, Uttar PradeshAugust 23, 2001 As such, the above company cannot transact the business of a non-banking financial in
Aug 20, 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 August 17, 2001 the application for certificate of registration submitted by M/s.Bhagyashali Agrotech (India) Ltd., C-1,717-718, Madangir, New Delhi-110 062. 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
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 17, 2001 the application for certificate of registration submitted by M/s.Bhagyashali Agrotech (India) Ltd., C-1,717-718, Madangir, New Delhi-110 062. 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
Aug 03, 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 August 2, 2001 the application for certificate of registration submitted by the M/s. Sai Finance & Investment (India) Ltd., F-3/Chandan, 2nd Floor, Tilve Building, Erasmo Carvallo Street, Margao Salcete, Goa-403 601. As such, the above 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 2, 2001 the application for certificate of registration submitted by the M/s. Sai Finance & Investment (India) Ltd., F-3/Chandan, 2nd Floor, Tilve Building, Erasmo Carvallo Street, Margao Salcete, Goa-403 601. As such, the above company cannot transact the business of a non-banking financial institution as defined
Jul 31, 2001
Non-banking non-financial companies need not send deposit returns to RBI
The Reserve Bank of India has reiterated that non-banking non-financial companies need not submit the return of deposits to the Reserve Bank. There is, however, no change in the instructions in relation to non-banking financial companies. It may be recalled that in terms of the provisions contained in the Companies Act, 1956, the non-banking non-financial companies are required to submit the return on deposits mobilised by them to the Registrar of Companies. Copies of
The Reserve Bank of India has reiterated that non-banking non-financial companies need not submit the return of deposits to the Reserve Bank. There is, however, no change in the instructions in relation to non-banking financial companies. It may be recalled that in terms of the provisions contained in the Companies Act, 1956, the non-banking non-financial companies are required to submit the return on deposits mobilised by them to the Registrar of Companies. Copies of
Jul 18, 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 June 29, 2001 the application for certificate of registration submitted by M/s. Apollo Tradelink Pvt. Ltd., P-27, Princep Street, 3rd Floor, Kolkata-700 007.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,
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, 2001 the application for certificate of registration submitted by M/s. Apollo Tradelink Pvt. Ltd., P-27, Princep Street, 3rd Floor, Kolkata-700 007.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,
Jul 02, 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 June 25, 2001 the application for certificate of registration submitted by M/s. Sagar Securities Private Limited having its Registered Office at 801 A Ashiana Plaza, Budh Marg, Patna-800 001. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I
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, 2001 the application for certificate of registration submitted by M/s. Sagar Securities Private Limited having its Registered Office at 801 A Ashiana Plaza, Budh Marg, Patna-800 001. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I
Jun 27, 2001
Asset-Liability Management System for NBFCs
RBI today announced Asset-Liability Management (ALM) guidelines for non-banking financial companies (NBFCs) as a part of the overall system for effective risk management in their various portfolios. The ALM system should be put in place by such NBFCs which have asset size of Rs. 100 crore and above or public deposits of Rs. 20 crore and above as per their balance sheet as on March 31, 2001. Reserve Bank has advised the companies that it would be desirable to constitut
RBI today announced Asset-Liability Management (ALM) guidelines for non-banking financial companies (NBFCs) as a part of the overall system for effective risk management in their various portfolios. The ALM system should be put in place by such NBFCs which have asset size of Rs. 100 crore and above or public deposits of Rs. 20 crore and above as per their balance sheet as on March 31, 2001. Reserve Bank has advised the companies that it would be desirable to constitut
Jun 27, 2001
RBI modifies NBFCs Regulations for Commercial Papers
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 - (i) The extant provisions of NBFC Directions on public deposits apply to Commercial Papers (CPs) also. In view of the fact that the issue of CPs by NBFCs would be governed by the guidelines issued by IECD vide Circular IECD. 3 / 08.15.01 / 200
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 - (i) The extant provisions of NBFC Directions on public deposits apply to Commercial Papers (CPs) also. In view of the fact that the issue of CPs by NBFCs would be governed by the guidelines issued by IECD vide Circular IECD. 3 / 08.15.01 / 200
Jun 26, 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 June 22, 2001 the application for certificate of registration submitted by M/s. Roxy Commerce Pvt. Ltd., 168/A, Cotton Street, 4th Floor, Kolkata-700 007. 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, 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 on June 22, 2001 the application for certificate of registration submitted by M/s. Roxy Commerce Pvt. Ltd., 168/A, Cotton Street, 4th Floor, Kolkata-700 007. 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, 1
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