Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Jan 04, 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 31, 1998 the application for certificate of registration submitted by the financial company M/s. AP Finleasing India Ltd., 55-B, First Floor, Maurya Lok Complex, Patna-800001.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
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 31, 1998 the application for certificate of registration submitted by the financial company M/s. AP Finleasing India Ltd., 55-B, First Floor, Maurya Lok Complex, Patna-800001.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
PDF (
Jan 04, 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 January 2, 1999, the application for certificate of registration submitted by the financial company Jyothirmayi Finance Ltd., 1-2-365/26, R. K. Mutt Road, Damalguda, Hyderabad-500 029.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
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 2, 1999, the application for certificate of registration submitted by the financial company Jyothirmayi Finance Ltd., 1-2-365/26, R. K. Mutt Road, Damalguda, Hyderabad-500 029.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
Jan 04, 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 on1.Bloom Financial Services Limited, 5A/4A, Ansari Road, Darya Ganj, New Delhi-110 002.29.12.1998 2.Bright Leasing & Finance Limited, B. 1 House,54, Janpath, New Delhi-110 00129.12.199
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 on1.Bloom Financial Services Limited, 5A/4A, Ansari Road, Darya Ganj, New Delhi-110 002.29.12.1998 2.Bright Leasing & Finance Limited, B. 1 House,54, Janpath, New Delhi-110 00129.12.199
Jan 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 December 31, 1998, the application for certificate of registration submitted by the financial company M/s. Nagarjuna Capital Markets Ltd., 56, Nagarjuna Hills, Panjagutta, Hyderabad-500 082.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I o
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 31, 1998, the application for certificate of registration submitted by the financial company M/s. Nagarjuna Capital Markets Ltd., 56, Nagarjuna Hills, Panjagutta, Hyderabad-500 082.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I o
Jan 01, 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 on1.M/s. Allianz Capital & Management Services Limited, C-2, Green Park Extension, New Delhi-110 016.30.12.1998 2.M/s. AP Finleasing India Limited, 55-B, First Floor, Maurya Lok C
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 on1.M/s. Allianz Capital & Management Services Limited, C-2, Green Park Extension, New Delhi-110 016.30.12.1998 2.M/s. AP Finleasing India Limited, 55-B, First Floor, Maurya Lok C
Dec 31, 1998
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 29, 1998, the application for certificate of registration submitted by M/s. Sanmac Motor Finance Ltd., a Non-Banking Financial Company having its Registered Office at Gems Court, A-8, 1st Floor, 14, K. N. K. Road, Chennai-600 006.As such, the above company cannot transact the business of a non-banking financial insti
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 29, 1998, the application for certificate of registration submitted by M/s. Sanmac Motor Finance Ltd., a Non-Banking Financial Company having its Registered Office at Gems Court, A-8, 1st Floor, 14, K. N. K. Road, Chennai-600 006.As such, the above company cannot transact the business of a non-banking financial insti
Dec 31, 1998
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 on1.Cubex Securities Limited, 3-1-248/1, Somasundaram Street, Secunderabad.30.12.1998 2.Ravileela Financial Services Limited, Survey No.203, Sampanna Bolu Village, Shameerpet, R.R.District3
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 on1.Cubex Securities Limited, 3-1-248/1, Somasundaram Street, Secunderabad.30.12.1998 2.Ravileela Financial Services Limited, Survey No.203, Sampanna Bolu Village, Shameerpet, R.R.District3
Dec 30, 1998
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 on1.Malti Finance & Leasing Ltd., Shri Ram Towers, Ashok Marg, Lucknow-226 001.28.12.1998 2.M/s. Hindustan Financial Management Ltd., 403-404, Vishal Bhawan, Nehru Place, New Delh
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 on1.Malti Finance & Leasing Ltd., Shri Ram Towers, Ashok Marg, Lucknow-226 001.28.12.1998 2.M/s. Hindustan Financial Management Ltd., 403-404, Vishal Bhawan, Nehru Place, New Delh
Dec 30, 1998
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 28, 1998, the application for certificate of registration submitted by M/s. DNS Finance & Investment Co. Ltd., a Non-banking financial company having its Registered Office at 67/3, Rup Mancha, P. O. Habra, Dist. North 24-Parganas.As such, the above company cannot transact the business of a non-banking financial 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 December 28, 1998, the application for certificate of registration submitted by M/s. DNS Finance & Investment Co. Ltd., a Non-banking financial company having its Registered Office at 67/3, Rup Mancha, P. O. Habra, Dist. North 24-Parganas.As such, the above company cannot transact the business of a non-banking financial i
Dec 30, 1998
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 28, 1998, the application for certificate of registration submitted by M/s. Manuelsons Investment & Leasing Co. (P) Ltd., a non-banking financial company having its Registered Office at 2B, MECCO Centre, Anna Salai, Chennai-600 001.As such, the above company cannot transact the business of a non-banking financial
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 28, 1998, the application for certificate of registration submitted by M/s. Manuelsons Investment & Leasing Co. (P) Ltd., a non-banking financial company having its Registered Office at 2B, MECCO Centre, Anna Salai, Chennai-600 001.As such, the above company cannot transact the business of a non-banking financial
Dec 29, 1998
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 28, 1998 the application for certificate of registration submitted by M/s. Alakhnanda Growth Funds Ltd., Karma House, 1-83, Lajpat Nagar II, New Delhi-110 024.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 December 28, 1998 the application for certificate of registration submitted by M/s. Alakhnanda Growth Funds Ltd., Karma House, 1-83, Lajpat Nagar II, New Delhi-110 024.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
Dec 29, 1998
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 23, 1998 the application for certificate of registration submitted by the M/s. Patla Savings & Investment Pvt. Ltd., Ganj No.2, Bettiah, West Champaran District, Bihar.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 Res
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 23, 1998 the application for certificate of registration submitted by the M/s. Patla Savings & Investment Pvt. Ltd., Ganj No.2, Bettiah, West Champaran District, Bihar.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 Res
Dec 29, 1998
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 24, 1998 the application for certificate of registration submitted by the M/s. Godrich Finance & Securities Ltd., H-4, Masgid Moth, Greater Kailash II, New Delhi-110 048.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 R
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 24, 1998 the application for certificate of registration submitted by the M/s. Godrich Finance & Securities Ltd., H-4, Masgid Moth, Greater Kailash II, New Delhi-110 048.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 R
Dec 26, 1998
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 24, 1998 the application for certificate of registration submitted by M/s. Salem Rajaram Leasing Ltd., a Non-Banking Financial Company having its Registered Office at IInd floor, L.R.N. Buildings, Sarada College Road, Salem-636 007.As such, the above company cannot transact the business of a non-banking financial ins
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 24, 1998 the application for certificate of registration submitted by M/s. Salem Rajaram Leasing Ltd., a Non-Banking Financial Company having its Registered Office at IInd floor, L.R.N. Buildings, Sarada College Road, Salem-636 007.As such, the above company cannot transact the business of a non-banking financial ins
Dec 24, 1998
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 on1.M/s. Okara Mutual Benefit Limited, 1557, Church Road, Kashmere Gate, New Delhi-110 006.22.12.1998 2.M/s. Okara Securities Limited, 1557, Church Road, Kashmere Gate, New Delhi-110 006.22
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 on1.M/s. Okara Mutual Benefit Limited, 1557, Church Road, Kashmere Gate, New Delhi-110 006.22.12.1998 2.M/s. Okara Securities Limited, 1557, Church Road, Kashmere Gate, New Delhi-110 006.22
Dec 24, 1998
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 23, 1998 the application for certificate of registration submitted by the financial company Allianz Securities Ltd., C-2 Green Park Extension, New Delhi-110 016.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 o
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 23, 1998 the application for certificate of registration submitted by the financial company Allianz Securities Ltd., C-2 Green Park Extension, New Delhi-110 016.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 o
Dec 23, 1998
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 21, 1998 the application for certificate of registration submitted by the financial company M/s. Mahadev Corporation (India) Ltd., 187-A, Ashok Mohalla, Bootovalli Gali, Nangloi, New Delhi-110 041.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) o
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 21, 1998 the application for certificate of registration submitted by the financial company M/s. Mahadev Corporation (India) Ltd., 187-A, Ashok Mohalla, Bootovalli Gali, Nangloi, New Delhi-110 041.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) o
Dec 23, 1998
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 22, 1998 the application for certificate of registration submitted by the financial company Alsa Global Finance & Securities Ltd., AA-149, 3rd Avenue, Anna Nagar, Chennai-600 040.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 December 22, 1998 the application for certificate of registration submitted by the financial company Alsa Global Finance & Securities Ltd., AA-149, 3rd Avenue, Anna Nagar, Chennai-600 040.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I
Dec 22, 1998
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 18, 1998 the application for certificate of registration submitted by the financial company M/s. Extol Financial Services Ltd., 1/3, Amaltas Complex Shahpura, Bhopal-462016.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 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 December 18, 1998 the application for certificate of registration submitted by the financial company M/s. Extol Financial Services Ltd., 1/3, Amaltas Complex Shahpura, Bhopal-462016.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 Re
Dec 19, 1998
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 on1.M/s. Madhur Leasing Limited, B-9, Guru Nanak House, Ranjit Nagar, New Delhi-110 008.17.12.1998 2.M/s. Vee Pee Securities Limited, 208B, 11/56, D.B. Gupta Road, Karol Bagh, New Delhi-110
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 on1.M/s. Madhur Leasing Limited, B-9, Guru Nanak House, Ranjit Nagar, New Delhi-110 008.17.12.1998 2.M/s. Vee Pee Securities Limited, 208B, 11/56, D.B. Gupta Road, Karol Bagh, New Delhi-110
Dec 19, 1998
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 15, 1998 the application for certificate of registration submitted by the financial company M/s. Casion Leasing & Finance (India) Ltd.,230 B, AJC Bose Road, Calcutta-700020.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
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 15, 1998 the application for certificate of registration submitted by the financial company M/s. Casion Leasing & Finance (India) Ltd.,230 B, AJC Bose Road, Calcutta-700020.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
Dec 19, 1998
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 18, 1998, the application for certificate of registration submitted by M/s. Bhumica Lease Finance Ltd., a Non-Banking Financial Company having its Registered Office at Poonam Complex, Unjha-384 170 (North Gujarat).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 December 18, 1998, the application for certificate of registration submitted by M/s. Bhumica Lease Finance Ltd., a Non-Banking Financial Company having its Registered Office at Poonam Complex, Unjha-384 170 (North Gujarat).As such, the above company cannot transact the business of a non-banking financial institution as defined
Dec 18, 1998
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 17, 1998, the application for certificate of registration submitted by M/s. First Financial Services Ltd., having its Registered Office at No.11, III Main Road, Seethammal Colony, Alwarpet, Chennai-600 018 for carrying on the business of a Non-banking Financial Institution.As such, the above company cannot transact th
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 17, 1998, the application for certificate of registration submitted by M/s. First Financial Services Ltd., having its Registered Office at No.11, III Main Road, Seethammal Colony, Alwarpet, Chennai-600 018 for carrying on the business of a Non-banking Financial Institution.As such, the above company cannot transact th
Dec 18, 1998
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 16, 1998 the application for certificate of registration submitted by the financial company M/s. Metro General Credits Ltd., Grace Building, 25, Menchols Road, Chetput, Chennai-600 031.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 December 16, 1998 the application for certificate of registration submitted by the financial company M/s. Metro General Credits Ltd., Grace Building, 25, Menchols Road, Chetput, Chennai-600 031.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45
Dec 16, 1998
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 on1.M/s. M. M. Leasing Limited, House No.57, Sector 28-A, Chandigarh. 15.12.1998 2.M/s. Sagitarian Finlease Ltd., B-15, Gulmohar Park, New Delhi- 110 049.15.12.1998As such, the above compan
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 on1.M/s. M. M. Leasing Limited, House No.57, Sector 28-A, Chandigarh. 15.12.1998 2.M/s. Sagitarian Finlease Ltd., B-15, Gulmohar Park, New Delhi- 110 049.15.12.1998As such, the above compan
Dec 16, 1998
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 16, 1998 the application for certificate of registration submitted by the financial company Silpa Finance & Investments Private Ltd., 3-1-630, Vijay Raghunandan Nagar,Karimnagar, Hyderabad-505 002.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a
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 16, 1998 the application for certificate of registration submitted by the financial company Silpa Finance & Investments Private Ltd., 3-1-630, Vijay Raghunandan Nagar,Karimnagar, Hyderabad-505 002.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a
Dec 15, 1998
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 14, 1998, the application for certificate of registration submitted by the financial company M/s. Kurmanchal Lease & Investment Ltd., 72-C, Upper Portion, Prasad Nagar, Karol baugh, New Delhi-110 005.As such, the above company cannot transact the business of a non-banking financial institution as defined in Claus
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 14, 1998, the application for certificate of registration submitted by the financial company M/s. Kurmanchal Lease & Investment Ltd., 72-C, Upper Portion, Prasad Nagar, Karol baugh, New Delhi-110 005.As such, the above company cannot transact the business of a non-banking financial institution as defined in Claus
Dec 14, 1998
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 11, 1998, the application for certificate of registration submitted by the financial company Nandy Investments Ltd.,101, Building No.9, Somdutt Chamber-II, Bhikaji Cama Place, New Delhi.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 December 11, 1998, the application for certificate of registration submitted by the financial company Nandy Investments Ltd.,101, Building No.9, Somdutt Chamber-II, Bhikaji Cama Place, New Delhi.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45
Dec 14, 1998
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 12, 1998 the application for certificate of registration submitted by the financial company M/s. Sagar Suri Estates and Finance Ltd., Sagar Apartments, 6, Tilak Marg, New Delhi-110 001.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 December 12, 1998 the application for certificate of registration submitted by the financial company M/s. Sagar Suri Estates and Finance Ltd., Sagar Apartments, 6, Tilak Marg, New Delhi-110 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45
Dec 12, 1998
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 certificate of registration submitted by the undernoted non-banking financial companies:-Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.Master Fincorp Private Ltd.Door No.27-6-177/A, Prakasam Road, Governerpet, Vijayawada-520 00211-12-1998 2.M/s Shagun Finleas
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 certificate of registration submitted by the undernoted non-banking financial companies:-Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.Master Fincorp Private Ltd.Door No.27-6-177/A, Prakasam Road, Governerpet, Vijayawada-520 00211-12-1998 2.M/s Shagun Finleas
Dec 12, 1998
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 certificate of registration submitted by the undernoted non-banking financial companies:-Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.M/s Ketaki International and Finance Ltd.A-12, Raj Industrial Complex, Military Road, Marol, Andheri(E), Mumbai-400 05911-12
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 certificate of registration submitted by the undernoted non-banking financial companies:-Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.M/s Ketaki International and Finance Ltd.A-12, Raj Industrial Complex, Military Road, Marol, Andheri(E), Mumbai-400 05911-12
Dec 12, 1998
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 certificate of registration submitted by the undernoted non-banking financial companies:-Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.Krishna Sai Jayachakra Hire Purchase Ltd.4-11-120, Bhavani Road, Kamareddy (A.P.)10-12-1998 2.Sri Ratnasai Finseec Ltd.Vaddi
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 certificate of registration submitted by the undernoted non-banking financial companies:-Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.Krishna Sai Jayachakra Hire Purchase Ltd.4-11-120, Bhavani Road, Kamareddy (A.P.)10-12-1998 2.Sri Ratnasai Finseec Ltd.Vaddi
Dec 12, 1998
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 certificate of registration submitted by the undernoted non-banking financial companies:-Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.Nandy Investments Ltd.101, Buliding No.9, Somdutt Chamber-II, Bhikaji Cama Place, New Delhi11-12-1998As such, the above comp
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 certificate of registration submitted by the undernoted non-banking financial companies:-Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.Nandy Investments Ltd.101, Buliding No.9, Somdutt Chamber-II, Bhikaji Cama Place, New Delhi11-12-1998As such, the above comp
Dec 11, 1998
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 5, 1998, the application for certificate of registration submitted by M/s.Mantora Investment Ltd., a non-banking financial company having its Registered Office at 13A, Prassanna Kumar St., Calcutta-700 006.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 December 5, 1998, the application for certificate of registration submitted by M/s.Mantora Investment Ltd., a non-banking financial company having its Registered Office at 13A, Prassanna Kumar St., Calcutta-700 006.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clau
Dec 11, 1998
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 certificate of registration submitted by the undernoted non-banking financial companies:Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.Yogi Leasing & Finance Ltd.Yogi House, Laksar Road, Kankhal, Haridwar (U.P.)8.12.1998 2.GIL Leasing & Hire Purc
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 certificate of registration submitted by the undernoted non-banking financial companies:Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.Yogi Leasing & Finance Ltd.Yogi House, Laksar Road, Kankhal, Haridwar (U.P.)8.12.1998 2.GIL Leasing & Hire Purc
Dec 11, 1998
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 certificate of registration submitted by the undernoted non-banking financial companies:Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.M/s. Gild Edge Finance Ltd.3, Community Centre, 2nd Floor Area, Lawrence Road, Delhi-110 0359.12.1998 2.M/s. Gondwana Finance
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 certificate of registration submitted by the undernoted non-banking financial companies:Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.M/s. Gild Edge Finance Ltd.3, Community Centre, 2nd Floor Area, Lawrence Road, Delhi-110 0359.12.1998 2.M/s. Gondwana Finance
Dec 11, 1998
RBI prohibits Lions Mutual Benefits Ltd., Lucknow from accepting deposits
It is hereby notified for the information of the public that the Reserve Bank of India in exercise of the powers, conferred on it under Section 45K (4) read with Section 45MB(1) of the Reserve Bank of India Act, 1934 has prohibited Lions Mutual Benefits Ltd., A-7, Sector J, Aliganj, Lucknow, from accepting deposits with effect from December 11, 1998 and the company is prohibited from accepting deposits from the existing depositors/certificate holders, in any form, whe
It is hereby notified for the information of the public that the Reserve Bank of India in exercise of the powers, conferred on it under Section 45K (4) read with Section 45MB(1) of the Reserve Bank of India Act, 1934 has prohibited Lions Mutual Benefits Ltd., A-7, Sector J, Aliganj, Lucknow, from accepting deposits with effect from December 11, 1998 and the company is prohibited from accepting deposits from the existing depositors/certificate holders, in any form, whe
Dec 10, 1998
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 certificate of registration submitted by the undernoted non-banking financial companies:Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.Schematic Finance Ltd.Schematic House, 18/1021, Main Arya Samaj Road, Karol Bagh, New Delhi 110 0055.12.1998 2.Udayasree Fina
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 certificate of registration submitted by the undernoted non-banking financial companies:Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.Schematic Finance Ltd.Schematic House, 18/1021, Main Arya Samaj Road, Karol Bagh, New Delhi 110 0055.12.1998 2.Udayasree Fina
Dec 10, 1998
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 certificate of registration submitted by the undernoted non-banking financial company:Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.Sri Chakra Financial Services Ltd.6-3-802, Sri Chakra Chambers, Ameerpet, Hyderabad-506 0168.12.1998As such, the above company
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 certificate of registration submitted by the undernoted non-banking financial company:Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.Sri Chakra Financial Services Ltd.6-3-802, Sri Chakra Chambers, Ameerpet, Hyderabad-506 0168.12.1998As such, the above company
Dec 09, 1998
Application for grant of Certificate of Registration rejected
December 9, 1998The 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 certificate of registration submitted by the undernoted non-banking financial companies:Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.M/s. Abhinandan Housing & Finance (I) Ltd.J.K. Kedia Road, Hojai, Assam - 782 4352.12.1998 2.M/s. Meghfin
December 9, 1998The 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 certificate of registration submitted by the undernoted non-banking financial companies:Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.M/s. Abhinandan Housing & Finance (I) Ltd.J.K. Kedia Road, Hojai, Assam - 782 4352.12.1998 2.M/s. Meghfin
Dec 07, 1998
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 certificate of registration submitted by the undernoted non-banking financial companies:Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.Pacific Pearl Finance & Leasing Ltd.,901, Rohit House, 3, Tolstoy Marg, New Delhi-110001.3.12.19982.Sunrise Securities Lt
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 certificate of registration submitted by the undernoted non-banking financial companies:Sr.No.Name of the CompanyAddress of the Registered Office of the CompanyRejected on1.Pacific Pearl Finance & Leasing Ltd.,901, Rohit House, 3, Tolstoy Marg, New Delhi-110001.3.12.19982.Sunrise Securities Lt
Dec 04, 1998
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 certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1.Sri Vikhyat Finance & Leasing Ltd. Shop No.3,4 & 5, Jagadamba Complex Main Road, Manchirial Adilabad (Dis.) Andhra Pradesh1.12.19982.M/s. Om Samaradhi Leasing & Housing Fin
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 certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1.Sri Vikhyat Finance & Leasing Ltd. Shop No.3,4 & 5, Jagadamba Complex Main Road, Manchirial Adilabad (Dis.) Andhra Pradesh1.12.19982.M/s. Om Samaradhi Leasing & Housing Fin
Dec 03, 1998
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 2, 1998 the application for certificate of registration submitted by M/s. Andal Financial Services Ltd., 5-9-22/102, Adarsh Nagar, Hyderabad - 500 463.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 Ac
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 2, 1998 the application for certificate of registration submitted by M/s. Andal Financial Services Ltd., 5-9-22/102, Adarsh Nagar, Hyderabad - 500 463.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 Ac
Dec 02, 1998
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 on1.M/s. Dashmesh Leasing Pvt. Ltd., SCO 68-70, Sector 17-C, Chandigarh-160 017.30.11.19982.M/s. Sterling Holiday Finvest Ltd., Karumuttu Centre, 7th Floor, 498, Anna Salai, Chennai-600 035
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 on1.M/s. Dashmesh Leasing Pvt. Ltd., SCO 68-70, Sector 17-C, Chandigarh-160 017.30.11.19982.M/s. Sterling Holiday Finvest Ltd., Karumuttu Centre, 7th Floor, 498, Anna Salai, Chennai-600 035
Dec 02, 1998
RBI prohibits Triveni Greenery Finlease (India) Ltd., Jaipur from accepting deposits
It is hereby notified for the information of the public that the Reserve Bank of India in exercise of the powers, conferred on it under Section 45K (4) read with Section 45MB(1) of the Reserve Bank of India Act, 1934 has prohibited Triveni Greenery Finlease (India) Ltd., 15, Diggi House, Shivaji Marg, Ram Singh Road, Jaipur - 302 004, from accepting deposits with effect from December 1, 1998 and the company is prohibited from accepting deposits from the existing depos
It is hereby notified for the information of the public that the Reserve Bank of India in exercise of the powers, conferred on it under Section 45K (4) read with Section 45MB(1) of the Reserve Bank of India Act, 1934 has prohibited Triveni Greenery Finlease (India) Ltd., 15, Diggi House, Shivaji Marg, Ram Singh Road, Jaipur - 302 004, from accepting deposits with effect from December 1, 1998 and the company is prohibited from accepting deposits from the existing depos
Nov 28, 1998
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 25, 1998, the application for certificate of registration submitted by the financial company M/s. Adonis Finance Ltd., 203, Dhaka Chambers, 2069/39, Naiwala, Karol Baug, New Delhi-110 005.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 November 25, 1998, the application for certificate of registration submitted by the financial company M/s. Adonis Finance Ltd., 203, Dhaka Chambers, 2069/39, Naiwala, Karol Baug, New Delhi-110 005.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section
Nov 27, 1998
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.Pagia Finance Limited, Pagia House, 1st floor, Bazpur Road, Kashipur, Dist.Udham Singh Nagar (UP).24.11.19982.Vishwakarma Securities Ltd., 4/7/322/2, 2nd floor Esamia Bazar, Hyderabad
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.Pagia Finance Limited, Pagia House, 1st floor, Bazpur Road, Kashipur, Dist.Udham Singh Nagar (UP).24.11.19982.Vishwakarma Securities Ltd., 4/7/322/2, 2nd floor Esamia Bazar, Hyderabad
Nov 27, 1998
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 25, 1998 the application for certificate of registration submitted by the M/s. CIFCO Finance Limited, 208, Regent Chambers, Jamanalal Bajaj Marg, Nariman Point, Mumbai 400 021.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
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 25, 1998 the application for certificate of registration submitted by the M/s. CIFCO Finance Limited, 208, Regent Chambers, Jamanalal Bajaj Marg, Nariman Point, Mumbai 400 021.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
Nov 26, 1998
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 24, 1998 the application for certificate of registration submitted by the financial company M/s. Srushti Credit and Capital Ltd., 4, Business Plaza, Tulsiwadi Road, Tardeo, Mumbai 400 034.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 November 24, 1998 the application for certificate of registration submitted by the financial company M/s. Srushti Credit and Capital Ltd., 4, Business Plaza, Tulsiwadi Road, Tardeo, Mumbai 400 034.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section
Nov 25, 1998
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 20, 1998, the application for certificate of registration submitted by the financial company M/s. Standard Savings & Investments Co. Ltd., Gola Ghat Chowk, Bhagalpur.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 20, 1998, the application for certificate of registration submitted by the financial company M/s. Standard Savings & Investments Co. Ltd., Gola Ghat Chowk, Bhagalpur.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
Nov 24, 1998
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 21, 1998, the application for certificate of registration submitted by the M/s. Nath Capital & Financial Services Limited, a Non-Banking Financial Company having its Registered Office at 1, Chatean Windsor, 86, Veer Nariman Road, Churchgate, Mumbai 400 020.As such, the above company cannot transact the business 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 November 21, 1998, the application for certificate of registration submitted by the M/s. Nath Capital & Financial Services Limited, a Non-Banking Financial Company having its Registered Office at 1, Chatean Windsor, 86, Veer Nariman Road, Churchgate, Mumbai 400 020.As such, the above company cannot transact the business of
Nov 23, 1998
Rejection of application for certificate of registration
The Reserve Bank of Indiain exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on November 21, 1998 the application for certificate of registration submitted by the M/s. New Royal Prompt Investments & Leasing Ltd., 750, Sarafa Silver Compound, Jabalpur-482 002 (M.P.).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 Indiain exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on November 21, 1998 the application for certificate of registration submitted by the M/s. New Royal Prompt Investments & Leasing Ltd., 750, Sarafa Silver Compound, Jabalpur-482 002 (M.P.).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
Nov 23, 1998
Rejection of application for certificate of registration
The Reserve Bank of Indiain exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on November 21, 1998 the application for certificate of registration submitted by the M/s. Avia Finance & Investments Pvt. Ltd., 145 C Mittal Court, Nariman Point, Mumbai 400 021.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 Indiain exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on November 21, 1998 the application for certificate of registration submitted by the M/s. Avia Finance & Investments Pvt. Ltd., 145 C Mittal Court, Nariman Point, Mumbai 400 021.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
Nov 21, 1998
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 Company Rejected on 1. M/s. Mohali Hire Purchase Private Ltd., Village Dappar, District Patiala, Punjab. 20.11.1998 2. M/s. Canopy Securities & Finance Ltd., Top Floor, Mahashakti Complex, Stadium Cr
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 Company Rejected on 1. M/s. Mohali Hire Purchase Private Ltd., Village Dappar, District Patiala, Punjab. 20.11.1998 2. M/s. Canopy Securities & Finance Ltd., Top Floor, Mahashakti Complex, Stadium Cr
Nov 20, 1998
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 19, 1998, the application for certificate of registration submitted by the financial company M/s. Faldrup Finance Pvt. Ltd., 18, Ramco Apartments, 18th Floor, Khar (West), Mumbai 400 052. 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 November 19, 1998, the application for certificate of registration submitted by the financial company M/s. Faldrup Finance Pvt. Ltd., 18, Ramco Apartments, 18th Floor, Khar (West), Mumbai 400 052. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section
Nov 20, 1998
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 19, 1998, the application for certificate of registration submitted by the financial company M/s. Bright Future Finance & Investment Ltd., P-38 Block-B, Lake Town, Calcutta-700 089. 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 November 19, 1998, the application for certificate of registration submitted by the financial company M/s. Bright Future Finance & Investment Ltd., P-38 Block-B, Lake Town, Calcutta-700 089. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45
Nov 19, 1998
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. Mahanivesh (India) Ltd., 13/34, W.E.A., 4th Floor, Arya Samaj Road, Karol Baug, New Delhi-110 005. 18.11.1998 2. M/s.Geefcee Finance Ltd., Baroda Road, Gohana, Haryana-124 30
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. Mahanivesh (India) Ltd., 13/34, W.E.A., 4th Floor, Arya Samaj Road, Karol Baug, New Delhi-110 005. 18.11.1998 2. M/s.Geefcee Finance Ltd., Baroda Road, Gohana, Haryana-124 30
Nov 19, 1998
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 18, 1998, the application for certificate of registration submitted by M/s. Chicago Futures & Finance Ltd., a non-banking financial company having its Registered Office at 710-D, GIDC Estate, Ankleshwar-393 002. As such, the above company cannot transact the business of a non-banking financial institution as defin
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 18, 1998, the application for certificate of registration submitted by M/s. Chicago Futures & Finance Ltd., a non-banking financial company having its Registered Office at 710-D, GIDC Estate, Ankleshwar-393 002. As such, the above company cannot transact the business of a non-banking financial institution as defin
Nov 17, 1998
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 14, 1998, the application for certificate of registration submitted by M/s. Lalchand Hastimal Investment Private Ltd., having its Registered Office at 7-2-765, Pot Market, Secunderabad 500 003. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of S
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 14, 1998, the application for certificate of registration submitted by M/s. Lalchand Hastimal Investment Private Ltd., having its Registered Office at 7-2-765, Pot Market, Secunderabad 500 003. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of S
Nov 16, 1998
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. Pigeon Finance & Investment (India) Ltd., Maharaja Building, Karman Tola, Station Road, ARA-802 301, Bihar State. 13.11.1998 2. M/s. Rich Capital and Financial Services L
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. Pigeon Finance & Investment (India) Ltd., Maharaja Building, Karman Tola, Station Road, ARA-802 301, Bihar State. 13.11.1998 2. M/s. Rich Capital and Financial Services L
Nov 12, 1998
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. Swami Enterprises (P) Ltd., 4819/24, Mathur Lane, Ansari Road, Daryaganj, New Delhi-110 002. 9.11.1998 2. M/s. Kajla Finvest Ltd., 14-B, Deepali, Pritam Pura, New Delhi. 9.11
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. Swami Enterprises (P) Ltd., 4819/24, Mathur Lane, Ansari Road, Daryaganj, New Delhi-110 002. 9.11.1998 2. M/s. Kajla Finvest Ltd., 14-B, Deepali, Pritam Pura, New Delhi. 9.11
Nov 12, 1998
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. Arunodaya Savings & Investments (I) Ltd., A/9X/14 (SQ), Station Road, Kalyani Nadia 741 235 (WB) 9.11.1998 2. M/s. Integrated Leasing & Finance (P) Ltd., 171, Kailash
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. Arunodaya Savings & Investments (I) Ltd., A/9X/14 (SQ), Station Road, Kalyani Nadia 741 235 (WB) 9.11.1998 2. M/s. Integrated Leasing & Finance (P) Ltd., 171, Kailash
Nov 11, 1998
Banks can rediscount transport sector bills discounted by NBFCs
The Reserve Bank of India has allowed banks to rediscount bills discounted by non-banking financial companies (NBFCs) arising from sale of commercial vehicles including light commercial vehicles. Banks should, however, ensure that such rediscounting is subject to normal lending safeguards. This measure will enable NBFCs to have recourse to further finance through the rediscounting of bills. In a circular issued to all scheduled commercial banks today, the Reserve Bank
The Reserve Bank of India has allowed banks to rediscount bills discounted by non-banking financial companies (NBFCs) arising from sale of commercial vehicles including light commercial vehicles. Banks should, however, ensure that such rediscounting is subject to normal lending safeguards. This measure will enable NBFCs to have recourse to further finance through the rediscounting of bills. In a circular issued to all scheduled commercial banks today, the Reserve Bank
Nov 11, 1998
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. Starjyot Credit & Finance Ltd., 24/4, White House, Savarkar Nagar, Navghar, Vasai (W) Thane-401 202 10.11.1998 2. M/s. Shantidoot Finance & Investment Co. Ltd., G. T.
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. Starjyot Credit & Finance Ltd., 24/4, White House, Savarkar Nagar, Navghar, Vasai (W) Thane-401 202 10.11.1998 2. M/s. Shantidoot Finance & Investment Co. Ltd., G. T.
Nov 10, 1998
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. Credential Holdings Pvt. Ltd., 618, Maker Chambers V, Nariman Point, Mumbai 400 0021. 5.11.1998 2. M/s. Madhumilan Fincorp Ltd., Dhiraj Chambers, 94, Somani Marg, Fort, Mumba
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. Credential Holdings Pvt. Ltd., 618, Maker Chambers V, Nariman Point, Mumbai 400 0021. 5.11.1998 2. M/s. Madhumilan Fincorp Ltd., Dhiraj Chambers, 94, Somani Marg, Fort, Mumba
Nov 09, 1998
Rejection of applications for certificates 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 certificates of registration submitted by the following financial companies: Name and address of the Company Date of rejection of application 1. M/s. Baroda Agro Industries Ltd., 3rd Floor, Rainbow House, Pratap Road, Raopura, Baroda-390001. 5.11.1998 2. M/s. Anand Credit Limited, 1002, `Hemkoot', Ashram Roa
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 certificates of registration submitted by the following financial companies: Name and address of the Company Date of rejection of application 1. M/s. Baroda Agro Industries Ltd., 3rd Floor, Rainbow House, Pratap Road, Raopura, Baroda-390001. 5.11.1998 2. M/s. Anand Credit Limited, 1002, `Hemkoot', Ashram Roa
Nov 06, 1998
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. VSB Leasing & Finance Ltd., F-128, Mohammadpur, Near Bhikaji Cama Palace, New Delhi. 3.11.1998 2. M/s. AGM Portfolio Ltd., KD-135, Pritampura, New Delhi. 3.11.1998 3. M/s. Vip
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. VSB Leasing & Finance Ltd., F-128, Mohammadpur, Near Bhikaji Cama Palace, New Delhi. 3.11.1998 2. M/s. AGM Portfolio Ltd., KD-135, Pritampura, New Delhi. 3.11.1998 3. M/s. Vip
Nov 06, 1998
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 5, 1998 the application for certificate of registration submitted by M/s. B Nanji Finance Limited a Non-Banking Financial Company having its Registered Office at 1318, Parabodi, Near Railway Crossing, Mithakhali, Navrangpura, Ahmedabad-380 009. As such, the above company cannot transact the business of a non-banking
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 5, 1998 the application for certificate of registration submitted by M/s. B Nanji Finance Limited a Non-Banking Financial Company having its Registered Office at 1318, Parabodi, Near Railway Crossing, Mithakhali, Navrangpura, Ahmedabad-380 009. As such, the above company cannot transact the business of a non-banking
Nov 06, 1998
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 5, 1998 the application for certificate of registration submitted by the M/s. Shagun Leasing Ltd., 1196, Napier Town, Jabalpur-482 002. 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 Act, 1934. Alpana
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 5, 1998 the application for certificate of registration submitted by the M/s. Shagun Leasing Ltd., 1196, Napier Town, Jabalpur-482 002. 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 Act, 1934. Alpana
Nov 05, 1998
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 3, 1998 the application for certificate of registration submitted by the financial company M/s. K. D. T. Mutual Benefits Co. Ltd., Premier Car Building, 2nd Floor, Shahnajaf Road, Lucknow-226 001. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) o
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 3, 1998 the application for certificate of registration submitted by the financial company M/s. K. D. T. Mutual Benefits Co. Ltd., Premier Car Building, 2nd Floor, Shahnajaf Road, Lucknow-226 001. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) o
Nov 02, 1998
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. United Development Finance Corporation Ltd., D-1, Mantri Rivera, Bahu Patil Road, Bhopadi, Pune 31.10.1998 2. M/s. Royal Credits (P) Ltd., D-35A, Rajouri Garden, 1st Floor, N
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. United Development Finance Corporation Ltd., D-1, Mantri Rivera, Bahu Patil Road, Bhopadi, Pune 31.10.1998 2. M/s. Royal Credits (P) Ltd., D-35A, Rajouri Garden, 1st Floor, N
Nov 02, 1998
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 October 30, 1998 the application for certificate of registration submitted by the financial company M/s. Prudential Capital Markets Ltd., Tobacco House, 1 & 2 Old House Centre, Calcutta-700 001. As such, the above 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 October 30, 1998 the application for certificate of registration submitted by the financial company M/s. Prudential Capital Markets Ltd., Tobacco House, 1 & 2 Old House Centre, Calcutta-700 001. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Secti
Nov 02, 1998
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 certificate of registration submitted by the undernoted non-banking financial companies: Sr.No. Name of the Company Address of the Registered Office of the Company Rejected on 1. M/s. Chandan Finlease Limited 67/2, Chanakyapuri Society, Near Railway Crossing, Ghatlodia, Ahmedabad-380 061 30.10.199
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 certificate of registration submitted by the undernoted non-banking financial companies: Sr.No. Name of the Company Address of the Registered Office of the Company Rejected on 1. M/s. Chandan Finlease Limited 67/2, Chanakyapuri Society, Near Railway Crossing, Ghatlodia, Ahmedabad-380 061 30.10.199
Oct 30, 1998
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 October 29, 1998 the application for certificate of registration submitted by M/s. Maharaja Dhan & Vitta Pvt. Ltd., 24, Sitabagh Colony, Dhenu Market, Indore. 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 October 29, 1998 the application for certificate of registration submitted by M/s. Maharaja Dhan & Vitta Pvt. Ltd., 24, Sitabagh Colony, Dhenu Market, Indore. 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
Oct 30, 1998
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. GNG Financial Services (P) Ltd., 110, Ansal Chamber II, Bhikaji Cama Place, New Delhi-110 066 24.10.1998 2. M/s. GNG Finance Ltd., 110, Ansal Chamber II, Bhikaji Cama Place,
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s. GNG Financial Services (P) Ltd., 110, Ansal Chamber II, Bhikaji Cama Place, New Delhi-110 066 24.10.1998 2. M/s. GNG Finance Ltd., 110, Ansal Chamber II, Bhikaji Cama Place,
Oct 30, 1998
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 October 29, 1998 the application for certificate of registration submitted by the financial company Onida Finance Ltd., 1007, Mercantile House, Kasturba Gandhi Marg, New Delhi-110 001. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I of the
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 October 29, 1998 the application for certificate of registration submitted by the financial company Onida Finance Ltd., 1007, Mercantile House, Kasturba Gandhi Marg, New Delhi-110 001. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I of the
Oct 29, 1998
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 October 28, 1998 the application for certificate of registration submitted by the financial company M/s. Bainda Leasing & Finance (P) Ltd., 743, Pocket A, Santa Vihar, New Delhi. 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 R
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 October 28, 1998 the application for certificate of registration submitted by the financial company M/s. Bainda Leasing & Finance (P) Ltd., 743, Pocket A, Santa Vihar, New Delhi. 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 R
Oct 29, 1998
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 October 27, 1998 the application for certificate of registration submitted by M/s. Everest Kanto Investment & Finance Ltd., 125, Atlanta, Nariman Point, Mumbai 400 021. 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 Ban
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 October 27, 1998 the application for certificate of registration submitted by M/s. Everest Kanto Investment & Finance Ltd., 125, Atlanta, Nariman Point, Mumbai 400 021. 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 Ban
Oct 28, 1998
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 October 26, 1998 the application for certificate of registration submitted by the financial company M/s. Fairness Housing Finance & Investment (I) Ltd., Prince Tower, 121 G. T. Road, Howrah-711 101, West Bengal. As such, the above company cannot transact the business of a non-banking financial institution as defined in Cl
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 October 26, 1998 the application for certificate of registration submitted by the financial company M/s. Fairness Housing Finance & Investment (I) Ltd., Prince Tower, 121 G. T. Road, Howrah-711 101, West Bengal. As such, the above company cannot transact the business of a non-banking financial institution as defined in Cl
Oct 28, 1998
Prizindia Ltd. not eligible to do NBFC business
The Reserve Bank of India has cautioned members of the public that collection of deposits by M/s. Prizindia Ltd., having its registered office at Faizel Building, Manarcad PO, Kottayam-686 019, is in contravention of the provisions of the Reserve Bank of India Act, 1934. Any investment in the units of M/s. Prizindia Ltd. will be at the investors own risk. It had come to the notice of the Reserve Bank of India that M/s. Prizindia Ltd. was mobilising funds from the mem
The Reserve Bank of India has cautioned members of the public that collection of deposits by M/s. Prizindia Ltd., having its registered office at Faizel Building, Manarcad PO, Kottayam-686 019, is in contravention of the provisions of the Reserve Bank of India Act, 1934. Any investment in the units of M/s. Prizindia Ltd. will be at the investors own risk. It had come to the notice of the Reserve Bank of India that M/s. Prizindia Ltd. was mobilising funds from the mem
Oct 28, 1998
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s.Right Credits & Securities (P) Ltd., 3-B, 2nd Floor, Pusa Road, New Delhi-110 005. 23.10.1998 2. M/s. JSG Leasing Ltd., G-1, Ashok Bhavan, 93, Nehru Place, New Delhi-110 0
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 certificate of registration submitted by the undernoted financial companies: Sr.No. Name of the Company Rejected on 1. M/s.Right Credits & Securities (P) Ltd., 3-B, 2nd Floor, Pusa Road, New Delhi-110 005. 23.10.1998 2. M/s. JSG Leasing Ltd., G-1, Ashok Bhavan, 93, Nehru Place, New Delhi-110 0
Oct 28, 1998
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 October 17, 1998 the application for certificate of registration submitted by the financial company M/s. International Credits Ltd., G-6, Red Rose Building, 49-50, Nehru Place, New Delhi-110 019. 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 October 17, 1998 the application for certificate of registration submitted by the financial company M/s. International Credits Ltd., G-6, Red Rose Building, 49-50, Nehru Place, New Delhi-110 019. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section
Oct 27, 1998
RBI to conduct off-site surveillance of NBFCs through WAN
Shri S P Talwar, Deputy Governor, Reserve Bank of India today inaugurated the wide area network (WAN) with video conferencing facility for its Department of Non-Banking Supervision. Congratulating the Department on making a beginning in establishing the WAN, Shri Talwar said that the information technology through WAN should bring the central office and the regional offices closer, facilitate instantaneous and credible communication and help conduct off-site surveilla
Shri S P Talwar, Deputy Governor, Reserve Bank of India today inaugurated the wide area network (WAN) with video conferencing facility for its Department of Non-Banking Supervision. Congratulating the Department on making a beginning in establishing the WAN, Shri Talwar said that the information technology through WAN should bring the central office and the regional offices closer, facilitate instantaneous and credible communication and help conduct off-site surveilla
Oct 27, 1998
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 October 24, 1998 the application for certificate of registration submitted by M/s. Lalbhai Securities Ltd., a Non-Banking Financial Company having its Registered Office at 1st floor, Motilal Centre, Near Dinesh Hall, Ashram Road, Ahmedabad-380 009. As such, the above company cannot transact the business of a non-banking finan
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 October 24, 1998 the application for certificate of registration submitted by M/s. Lalbhai Securities Ltd., a Non-Banking Financial Company having its Registered Office at 1st floor, Motilal Centre, Near Dinesh Hall, Ashram Road, Ahmedabad-380 009. As such, the above company cannot transact the business of a non-banking finan
Oct 26, 1998
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 October 23, 1998 the application for certificate of registration submitted by the financial company M/s. H-Lon Investment Corporation Ltd., C-4/1 Main Road, Wazirpur Industrial area, Delhi-110 052. 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 October 23, 1998 the application for certificate of registration submitted by the financial company M/s. H-Lon Investment Corporation Ltd., C-4/1 Main Road, Wazirpur Industrial area, Delhi-110 052. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Sectio
Oct 26, 1998
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 October 17, 1998 the application for certificate of registration submitted by the financial company M/s. Cilson Finance & Investment Ltd., E-2/3, Malvia Nagar, New Delhi-110 017. 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 R
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 October 17, 1998 the application for certificate of registration submitted by the financial company M/s. Cilson Finance & Investment Ltd., E-2/3, Malvia Nagar, New Delhi-110 017. 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 R
Oct 26, 1998
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 October 16, 1998 the application for certificate of registration submitted by M/s. Linker's Securities Ltd., 22, Vaishall Nagar, Kotra Sultanabad, Bhopal-462 003. 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 October 16, 1998 the application for certificate of registration submitted by M/s. Linker's Securities Ltd., 22, Vaishall Nagar, Kotra Sultanabad, Bhopal-462 003. 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
Oct 26, 1998
RBI prohibits M/s. Samruddhi Saving & Investment (India) Ltd., Raipur (M. P.) from accepting deposits
The Reserve Bank of India, in exercise of the powers vested in it under sub-section ( 4 ) of section 45 K read with section 45MB of the Reserve Bank of India Act, 1934, has prohibited M/s Samruddhi Saving & Investment (India) Ltd., B-4 & B-5 Ground Floor, Garchaz Complex, Jail Road, Raipur (M. P.) with Corporate Office at 181, Gotmore Complex, N. B. Road, Gokul Peth, Nagpur 440 010 from accepting deposits with effect from 14th October 1998 from any person in a
The Reserve Bank of India, in exercise of the powers vested in it under sub-section ( 4 ) of section 45 K read with section 45MB of the Reserve Bank of India Act, 1934, has prohibited M/s Samruddhi Saving & Investment (India) Ltd., B-4 & B-5 Ground Floor, Garchaz Complex, Jail Road, Raipur (M. P.) with Corporate Office at 181, Gotmore Complex, N. B. Road, Gokul Peth, Nagpur 440 010 from accepting deposits with effect from 14th October 1998 from any person in a
Oct 24, 1998
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 October 16, 1998, the application for certificate of registration submitted by M/s. Rossel Finance Limited, a Non-Banking Financial Company having its Registered Office at Sterling Centre, 2nd Floor, Dr. A. B. Road, Worli, Mumbai 400 018. As such, the above company cannot transact the business of a non-banking financial insti
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 October 16, 1998, the application for certificate of registration submitted by M/s. Rossel Finance Limited, a Non-Banking Financial Company having its Registered Office at Sterling Centre, 2nd Floor, Dr. A. B. Road, Worli, Mumbai 400 018. As such, the above company cannot transact the business of a non-banking financial insti
Oct 23, 1998
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 the application for certificate of registration submitted by M/s. Amita Investments Services Pvt. Ltd., 61, Sunita Apartment, 98 Cuffe Parade, Mumbai 400 005 on October 16, 1998. 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
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 application for certificate of registration submitted by M/s. Amita Investments Services Pvt. Ltd., 61, Sunita Apartment, 98 Cuffe Parade, Mumbai 400 005 on October 16, 1998. 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
Oct 23, 1998
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 October 23, 1998, the application for grant of certificate of registration submitted by M/s. Sunshine Factors and Exports Ltd., having its Registered Office at 202, 2nd Floor, Raghvarathna Towers, Chirag Ali Lane, Abids, Hyderabad-500 001. 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 October 23, 1998, the application for grant of certificate of registration submitted by M/s. Sunshine Factors and Exports Ltd., having its Registered Office at 202, 2nd Floor, Raghvarathna Towers, Chirag Ali Lane, Abids, Hyderabad-500 001. As such, the above company cannot transact the business of a non-banking financial inst
Oct 23, 1998
Rejection of application for grant of 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 October 17, 1998, the application for grant of a certificate of registration submitted by M/s. TDM Finance Company (P) Ltd., having its registered office at 542/A/4, Main Road, Chavakkad, Trichur District, Kerala. As such, M/s. TDM Finance Company (P) Ltd., is precluded from commencing the business of a non-banking financial
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 October 17, 1998, the application for grant of a certificate of registration submitted by M/s. TDM Finance Company (P) Ltd., having its registered office at 542/A/4, Main Road, Chavakkad, Trichur District, Kerala. As such, M/s. TDM Finance Company (P) Ltd., is precluded from commencing the business of a non-banking financial
Oct 23, 1998
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 the application for Certificate of Registration submitted by M/s. Midwest India Industries Ltd., 105, 'C', Mittal Towers, Nariman Point, Mumbai-400 021 and Principal Office at 1-10-60/2, Begumpet, Hyderabad-500 016 on October 15, 1998. As such, the above company cannot carry on 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 the application for Certificate of Registration submitted by M/s. Midwest India Industries Ltd., 105, 'C', Mittal Towers, Nariman Point, Mumbai-400 021 and Principal Office at 1-10-60/2, Begumpet, Hyderabad-500 016 on October 15, 1998. As such, the above company cannot carry on the business of a non-banking financial institution
Oct 23, 1998
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 the application for certificate of registration submitted by M/s. DSJ Finance Corporation Ltd., "Star House", 1st Floor, R.K.Singh, off Parsi Panchayat Road, Andheri (E), Mumbai 400 069 on October 20, 1998. 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 the application for certificate of registration submitted by M/s. DSJ Finance Corporation Ltd., "Star House", 1st Floor, R.K.Singh, off Parsi Panchayat Road, Andheri (E), Mumbai 400 069 on October 20, 1998. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of
Oct 23, 1998
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 the application for certificate of registration submitted by the financial company M/s. ATN Arihant International Ltd., 158, Lenin Sarani, 3rd Floor, Calcutta-700 013 on October 20, 1998. 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
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 application for certificate of registration submitted by the financial company M/s. ATN Arihant International Ltd., 158, Lenin Sarani, 3rd Floor, Calcutta-700 013 on October 20, 1998. 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
Oct 17, 1998
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 on October 16, 1998 the applications for grant of a certificate of registration submitted by the undernoted companies: Sr.No. Name of the Company Address of the Registered Office of the Company 1. M/s. Elite Financial Services Ltd. 59-1-2(D), Karkhana, Secunderabad-500 009. 2. M/s. Elite Global Finance Ltd. -do- 3. M/s. Koratla
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 October 16, 1998 the applications for grant of a certificate of registration submitted by the undernoted companies: Sr.No. Name of the Company Address of the Registered Office of the Company 1. M/s. Elite Financial Services Ltd. 59-1-2(D), Karkhana, Secunderabad-500 009. 2. M/s. Elite Global Finance Ltd. -do- 3. M/s. Koratla
Oct 14, 1998
Rejection of application for certificate of registration to carry on 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 October 12, 1998, the application for Certificate of Registration submitted by M/s. Worldlink Finance Ltd., a Non-Banking Financial Company having its Registered Office at 151, Maker Chamber III, Nariman Point, Mumbai-400 021 and Principal Office at 1102, Akashdeep Bldg, 26-A, Barakhamba Road, New Delhi-110 001. As such, the
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 October 12, 1998, the application for Certificate of Registration submitted by M/s. Worldlink Finance Ltd., a Non-Banking Financial Company having its Registered Office at 151, Maker Chamber III, Nariman Point, Mumbai-400 021 and Principal Office at 1102, Akashdeep Bldg, 26-A, Barakhamba Road, New Delhi-110 001. As such, the
Oct 12, 1998
Rejection of application for certificate of registration to carry on 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 October 7, 1998, the application for Certificate of Registration submitted by M/s. Lalbhai Finance Ltd., a Non-Banking Financial Company having its Registered Office at 1st floor, Motilal Centre, Near Dinesh Hall, Ashram Road, Ahmedabad-380 009. As such, the above company cannot transact the business of a non-banking financia
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 October 7, 1998, the application for Certificate of Registration submitted by M/s. Lalbhai Finance Ltd., a Non-Banking Financial Company having its Registered Office at 1st floor, Motilal Centre, Near Dinesh Hall, Ashram Road, Ahmedabad-380 009. As such, the above company cannot transact the business of a non-banking financia
Oct 08, 1998
Rejection of application for certificate of registration to carry on 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 October 7, 1998, the application for Certificate of Registration submitted by M/s. Arrow Securities Limited, a Non-Banking Financial Company having its Registered Office at 202, Ashok House, Near Navrangpura Bus Stop, Navrangpura, Ahmedabad 380009. As such, the above company cannot transact the business of a non-banking finan
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 October 7, 1998, the application for Certificate of Registration submitted by M/s. Arrow Securities Limited, a Non-Banking Financial Company having its Registered Office at 202, Ashok House, Near Navrangpura Bus Stop, Navrangpura, Ahmedabad 380009. As such, the above company cannot transact the business of a non-banking finan
Oct 07, 1998
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 the application for certificate of registration submitted by M/s. Credential Finance Ltd., 618, Maker Chambers-V, Nariman Point, Mumbai-400 021 on September 1, 1998.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 the application for certificate of registration submitted by M/s. Credential Finance Ltd., 618, Maker Chambers-V, Nariman Point, Mumbai-400 021 on September 1, 1998.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
Install the RBI mobile application and get quick access to the latest news!
Page Last Updated on: November 13, 2024
