Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Jan 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 January 27, 2000 the application for Certificate of Registration submitted by the financial company Shubhashish Finlease Private Ltd., B-27, Govardhan Nagar, Motived, Surat-395 004.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 Re
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 January 27, 2000 the application for Certificate of Registration submitted by the financial company Shubhashish Finlease Private Ltd., B-27, Govardhan Nagar, Motived, Surat-395 004.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 Re
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Jan 29, 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 January 27, 2000 the application for Certificate of Registration submitted by the financial company Apace India Corporation Ltd., Registered Office : Kumar Tanay Vaishya Sabha, Purani Sabji Mandi, Kashipur, Udham Singh Nagar, Uttar Pradesh.As such, the above company cannot transact the business of a non-banking financial inst
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 January 27, 2000 the application for Certificate of Registration submitted by the financial company Apace India Corporation Ltd., Registered Office : Kumar Tanay Vaishya Sabha, Purani Sabji Mandi, Kashipur, Udham Singh Nagar, Uttar Pradesh.As such, the above company cannot transact the business of a non-banking financial inst
Jan 28, 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 January 27, 2000 the application for Certificate of Registration submitted by the financial company Apace Savings and Mutual Benefit (I) Ltd., Registered Office : Kumar Tanay Vaishya Sabha, Purani Sabji Mandi, Kashipur, Udham Singh Nagar, Uttar Pradesh.As such, the above company cannot transact the business of a non-banking f
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 January 27, 2000 the application for Certificate of Registration submitted by the financial company Apace Savings and Mutual Benefit (I) Ltd., Registered Office : Kumar Tanay Vaishya Sabha, Purani Sabji Mandi, Kashipur, Udham Singh Nagar, Uttar Pradesh.As such, the above company cannot transact the business of a non-banking f
Jan 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 January 25, 2000 the application for Certificate of Registration submitted by the financial company M/s. Pushparag Savings & Investment Co. Pvt. Ltd., Old Pandapara, P.O.Pandapara, Kalibari, Dist. Jalpaiguri, West Bengal-735 132.As such, the above company cannot transact the business of a non-banking financial institution
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 January 25, 2000 the application for Certificate of Registration submitted by the financial company M/s. Pushparag Savings & Investment Co. Pvt. Ltd., Old Pandapara, P.O.Pandapara, Kalibari, Dist. Jalpaiguri, West Bengal-735 132.As such, the above company cannot transact the business of a non-banking financial institution
Jan 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 January 19, 2000 the application for Certificate of Registration submitted by the financial company M/s. Jeet Hire Purchase Pvt. Ltd., Registered Office : Jogipura, Near Nagarpalika, Badaun-243601, Uttar Pradesh.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 January 19, 2000 the application for Certificate of Registration submitted by the financial company M/s. Jeet Hire Purchase Pvt. Ltd., Registered Office : Jogipura, Near Nagarpalika, Badaun-243601, Uttar Pradesh.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause
Jan 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 January 22, 2000 the application for Certificate of Registration submitted by the financial company M/s. Rajavir Finance Private Ltd., Jila Garden Road, Bapunagar, Rajkot-360 002.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 Rese
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 January 22, 2000 the application for Certificate of Registration submitted by the financial company M/s. Rajavir Finance Private Ltd., Jila Garden Road, Bapunagar, Rajkot-360 002.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 Rese
Jan 18, 2000
No extension of time limit for NBFCs : says RBI
The Reserve Bank of India has advised all non-banking financial companies (NBFCs), which had applied to Reserve Bank for grant of Certificate of Registration under section 45-IA of Reserve Bank of India Act, 1934, on or before July 9, 1997 but had not attained the minimum statutory net owned funds (NOF) of Rs.25 lakh as on January 9, 2000 that it has not extended the deadline for NBFCs to attain the minimum NOF limit.The Reserve Bank has further advised that the NBFCs
The Reserve Bank of India has advised all non-banking financial companies (NBFCs), which had applied to Reserve Bank for grant of Certificate of Registration under section 45-IA of Reserve Bank of India Act, 1934, on or before July 9, 1997 but had not attained the minimum statutory net owned funds (NOF) of Rs.25 lakh as on January 9, 2000 that it has not extended the deadline for NBFCs to attain the minimum NOF limit.The Reserve Bank has further advised that the NBFCs
Jan 13, 2000
RBI amends NBFC Directions
The Governor had announced in his Statement on 'Mid Term Review of Monetary and Credit Policy for the Year 1999-2000' issued on October 29, 1999, three major decisions in relation to Non-Banking Financial Companies (NBFCs) whereby borrowings from mutual funds are to be treated outside the purview of public deposits, the NBFCs are required to give public notice of three months prior to the closure of a branch and/or transfer of control/management by them. The RBI today
The Governor had announced in his Statement on 'Mid Term Review of Monetary and Credit Policy for the Year 1999-2000' issued on October 29, 1999, three major decisions in relation to Non-Banking Financial Companies (NBFCs) whereby borrowings from mutual funds are to be treated outside the purview of public deposits, the NBFCs are required to give public notice of three months prior to the closure of a branch and/or transfer of control/management by them. The RBI today
Jan 11, 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 January 7, 2000 the application for Certificate of Registration submitted by the financial company Panchsheel Investment and Fintrade (P) Limited, Dr. Huge Road, Christainpatty, Nagoan-782 001.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 January 7, 2000 the application for Certificate of Registration submitted by the financial company Panchsheel Investment and Fintrade (P) Limited, Dr. Huge Road, Christainpatty, Nagoan-782 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45
Jan 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 January 10, 2000 the application for Certificate of Registration submitted by the financial company M/s. VCK Capital Market Services Ltd., Duckback House, 41, Shekespeare Sarani, 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
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 January 10, 2000 the application for Certificate of Registration submitted by the financial company M/s. VCK Capital Market Services Ltd., Duckback House, 41, Shekespeare Sarani, 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
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