Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
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
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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 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 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 M/s. Enarai Capital Markets Ltd., a Non-Banking Financial Company having its Registered Office at B-1014, Station Plaza, Station Road, Bhandup (West), Mumbai 400 078. As such, the company cannot transact the business of a Non-Banking Financial Institut
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 M/s. Enarai Capital Markets Ltd., a Non-Banking Financial Company having its Registered Office at B-1014, Station Plaza, Station Road, Bhandup (West), Mumbai 400 078. As such, the company cannot transact the business of a Non-Banking Financial Institut
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
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, M/s. Standard Economy Ltd., 28/2/1, Old Ballygunge, 2nd Lane, Calcutta-700 019As 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
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, M/s. Standard Economy Ltd., 28/2/1, Old Ballygunge, 2nd Lane, Calcutta-700 019As 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
Jun 09, 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 M/s. Rajbir Finvest Ltd., H.O. 3170, Sector 23-D, Chandigarh - 160 023.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
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 M/s. Rajbir Finvest Ltd., H.O. 3170, Sector 23-D, Chandigarh - 160 023.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
Jun 09, 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 a certificates of registration submitted by the undernoted financial companies:Sr. No. Name of the CompanyRejected on 1. M/s. Acceptable Finvest Company Limited, Near Hari Mandir, P.O. & P.S. Birpara, Dist. Jalpaiguri, West Bengal-735 204.8.6.1999 2.M/s. Kanwal Financiers Limited, 3170 Sector, 2
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 a certificates of registration submitted by the undernoted financial companies:Sr. No. Name of the CompanyRejected on 1. M/s. Acceptable Finvest Company Limited, Near Hari Mandir, P.O. & P.S. Birpara, Dist. Jalpaiguri, West Bengal-735 204.8.6.1999 2.M/s. Kanwal Financiers Limited, 3170 Sector, 2
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