Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Jul 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 July 5, 1999, the application for Certificate of Registration submitted by M/s. Indodeep General Finance & Investment Company Ltd., having its Registered Office at 42/3 Dum Dum Road, Calcutta-700 074.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 July 5, 1999, the application for Certificate of Registration submitted by M/s. Indodeep General Finance & Investment Company Ltd., having its Registered Office at 42/3 Dum Dum Road, Calcutta-700 074.As such, the company cannot transact the business of a Non-Banking Financial Institution, as defined in Clause (a) of Secti
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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
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
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