Press Releases - Regulating Non-Banking - RBI - Reserve Bank of India
Press Releases
Jun 16, 2005
Reserve Bank Cancels Certificate of Registration of Nice India Credit and Finvest Pvt. Ltd., Jhansi
The Reserve Bank of India, has on April 12, 2005 cancelled the certificate of registration issued to Nice India Credit and Finvest Pvt. Ltd., having its registered office at 91/1, Civil Lines, Jhansi, Uttar Pradesh for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The business of a
The Reserve Bank of India, has on April 12, 2005 cancelled the certificate of registration issued to Nice India Credit and Finvest Pvt. Ltd., having its registered office at 91/1, Civil Lines, Jhansi, Uttar Pradesh for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The business of a
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Jun 16, 2005
Reserve Bank Cancels Certificate of Registration of H. N. Finance Limited, Bareilly
The Reserve Bank of India, has on April 20, 2005 cancelled the certificate of registration issued to H. N. Finance Limited having its registered office at 4th Km., Rampur Road, L-1 & L-2, Parsakhera Industrial Area, Bareilly-243502 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial compan
The Reserve Bank of India, has on April 20, 2005 cancelled the certificate of registration issued to H. N. Finance Limited having its registered office at 4th Km., Rampur Road, L-1 & L-2, Parsakhera Industrial Area, Bareilly-243502 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial compan
Jun 08, 2005
Reserve Bank Cancels Certificate of Registration of J. S. Sethi Finance & Investment Pvt. Ltd., Haldwani
The Reserve Bank of India, has on April 12, 2005 cancelled the certificate of registration granted to J. S. Sethi Finance & Investment Pvt. Ltd., having its registered office at 6, Archies Shopping Complex, Nainital Road, Haldwani, Uttaranchal for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, J. S. Sethi Finance & Investment Pvt. Ltd., cannot transact the business of a non-banking financial
The Reserve Bank of India, has on April 12, 2005 cancelled the certificate of registration granted to J. S. Sethi Finance & Investment Pvt. Ltd., having its registered office at 6, Archies Shopping Complex, Nainital Road, Haldwani, Uttaranchal for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, J. S. Sethi Finance & Investment Pvt. Ltd., cannot transact the business of a non-banking financial
Jun 01, 2005
Reserve Bank Cancels Certificate of Registration of De Novo Leasing and Investments Limited, Dharwad
The Reserve Bank of India, has on May 11, 2005 cancelled the certificate of registration issued to De Novo Leasing and Investments Limited having its registered office at No.12, 1st Floor, Maruthi Complex, Line Bazaar, Dharwad-580001 for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of non-banking financial institution. Following cancellation of registration certificate, De Novo Leasing and Investmen
The Reserve Bank of India, has on May 11, 2005 cancelled the certificate of registration issued to De Novo Leasing and Investments Limited having its registered office at No.12, 1st Floor, Maruthi Complex, Line Bazaar, Dharwad-580001 for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of non-banking financial institution. Following cancellation of registration certificate, De Novo Leasing and Investmen
May 31, 2005
Reserve Bank Cancels Certificate of Registration of KFIC Financial Services Limited, Pune
The Reserve Bank of India, has on May 10, 2005 cancelled the certificate of registration granted to KFIC Financial Services Limited, having its registered office at 122, Sterling Centre, 11, Moledina Road, Pune-411 001 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, KFIC Financial Services Limited cannot transact the business of a non-banking financial institution. The company has also been prohi
The Reserve Bank of India, has on May 10, 2005 cancelled the certificate of registration granted to KFIC Financial Services Limited, having its registered office at 122, Sterling Centre, 11, Moledina Road, Pune-411 001 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, KFIC Financial Services Limited cannot transact the business of a non-banking financial institution. The company has also been prohi
May 31, 2005
Reserve Bank Cancels Certificate of Registration of Alpic Finance Limited, Mumbai
The Reserve Bank of India, has on May 10, 2005 cancelled the certificate of registration granted to Alpic Finance Limited, having its registered office at Harpal House, 1st Floor, Meadow Street, Nagindas Master Road, Fort, Mumbai-400 023 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Alpic Finance Limited cannot transact the business of a non-banking financial institution. The company has also b
The Reserve Bank of India, has on May 10, 2005 cancelled the certificate of registration granted to Alpic Finance Limited, having its registered office at Harpal House, 1st Floor, Meadow Street, Nagindas Master Road, Fort, Mumbai-400 023 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Alpic Finance Limited cannot transact the business of a non-banking financial institution. The company has also b
May 24, 2005
Reserve Bank Cancels Certificate of Registration of Bhojwani Leasing and Finance Limited, Mumbai
The Reserve Bank of India, has on April 29, 2005 cancelled the certificate of registration granted to Bhojwani Leasing and Finance Limited, having its registered office at 14th Floor, Dalamal Tower, 211, Nariman Point, Mumbai-400 021 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Bhojwani Leasing and Finance Limited cannot transact the business of a non-banking financial institution. The company
The Reserve Bank of India, has on April 29, 2005 cancelled the certificate of registration granted to Bhojwani Leasing and Finance Limited, having its registered office at 14th Floor, Dalamal Tower, 211, Nariman Point, Mumbai-400 021 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Bhojwani Leasing and Finance Limited cannot transact the business of a non-banking financial institution. The company
May 17, 2005
Reserve Bank Cancels Certificate of Registration of B. M. Motor Finance Private Limited, Chandigarh
The Reserve Bank of India, has on April 20, 2005 cancelled the certificate of registration issued to B. M. Motor Finance Private Limited, House No.568, Sector 20A, Chandigarh for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, B. M. Motor Finance Private Limited cannot transact the business of a non-banking financial institution. The company is, however, under an obligation to repay public deposits a
The Reserve Bank of India, has on April 20, 2005 cancelled the certificate of registration issued to B. M. Motor Finance Private Limited, House No.568, Sector 20A, Chandigarh for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, B. M. Motor Finance Private Limited cannot transact the business of a non-banking financial institution. The company is, however, under an obligation to repay public deposits a
May 12, 2005
Reserve Bank Cancels Certificate of Registration of Forward Securities Limited, Mumbai 400 025
The Reserve Bank of India, has on April 8, 2005 cancelled the certificate of registration issued to Forward Securities Limited, Manoj, Shankar Ghanekar Marg, Near Ravindra Mandir, Prabhadevi, Mumbai 400 025 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Forward Securities Limited cannot transact the business of a non-banking financial institution. The company is, however, under an obligation to
The Reserve Bank of India, has on April 8, 2005 cancelled the certificate of registration issued to Forward Securities Limited, Manoj, Shankar Ghanekar Marg, Near Ravindra Mandir, Prabhadevi, Mumbai 400 025 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Forward Securities Limited cannot transact the business of a non-banking financial institution. The company is, however, under an obligation to
Apr 13, 2005
Reserve Bank Cancels Certificate of Registration of Sarita Finance Ltd., Hyderabad
The Reserve Bank of India, has on April 7, 2005 cancelled the certificate of registration issued to Sarita Finance Limited, having its registered office at 1-206, Divya Shakthi Complex, Ameerpet, Hyderabad 500 016 (since shifted to 403, Diamond Block, Lumbini Rock Dale, Somajiguda, Hyderabad 500 082 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can ca
The Reserve Bank of India, has on April 7, 2005 cancelled the certificate of registration issued to Sarita Finance Limited, having its registered office at 1-206, Divya Shakthi Complex, Ameerpet, Hyderabad 500 016 (since shifted to 403, Diamond Block, Lumbini Rock Dale, Somajiguda, Hyderabad 500 082 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can ca
Apr 08, 2005
Reserve Bank Cancels Certificate of Registration of M/s. Santosh Securities Ltd., Ahmedabad
The Reserve Bank of India, has on April 4, 2005 cancelled the certificate of registration issued to M/s. Santosh Securities Limited, having its registered office at 201, Karma Complex, Near Mahalaxmi Char Rasta, Paldi, Ahmedabad-380 007 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial compa
The Reserve Bank of India, has on April 4, 2005 cancelled the certificate of registration issued to M/s. Santosh Securities Limited, having its registered office at 201, Karma Complex, Near Mahalaxmi Char Rasta, Paldi, Ahmedabad-380 007 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial compa
Apr 07, 2005
Reserve Bank Cancels Certificate of Registration of Nicco Uco Alliance Credit Ltd., Kolkata
The Reserve Bank of India, has on March 31, 2005 cancelled the certificate of registration issued to Nicco Uco Alliance Credit Ltd., having its registered office at Nicco House, 2, Hare Street, Kolkata-700 001 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Nicco Uco Alliance Credit Limited cannot transact the business of a non-banking financial institution. The company has also been prohibited f
The Reserve Bank of India, has on March 31, 2005 cancelled the certificate of registration issued to Nicco Uco Alliance Credit Ltd., having its registered office at Nicco House, 2, Hare Street, Kolkata-700 001 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Nicco Uco Alliance Credit Limited cannot transact the business of a non-banking financial institution. The company has also been prohibited f
Mar 22, 2005
Reserve Bank cancels the 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 cancelled the certificate of registration issued to the following companies for carrying on the business of a Non-Banking Financial Institution: Name of the Company Cancelled on 1. Twin Cities Investments & Finances Limited, SBI Staff Colony, New Bakaram, Hyderabad-500 080 March 2, 2005 2. Parasnath Fin-Sec Pvt. Ltd., 78, Jai Jawan 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 cancelled the certificate of registration issued to the following companies for carrying on the business of a Non-Banking Financial Institution: Name of the Company Cancelled on 1. Twin Cities Investments & Finances Limited, SBI Staff Colony, New Bakaram, Hyderabad-500 080 March 2, 2005 2. Parasnath Fin-Sec Pvt. Ltd., 78, Jai Jawan C
Mar 22, 2005
RBI meets NBFC Representatives
Dr Y V Reddy, Governor, Reserve Bank of India, last week met the Finance Industry Development Council (FIDC), a representative body of non-banking finance companies (NBFCs). Deputy Governor Shri V Leeladhar, Shri A V Sardesai, Executive Director and other senior officials of the Reserve Bank were also present. The objective of the meeting was to work out a three-year perspective for the sector. In his opening remarks, the Governor pointed out that the NBFCs were an im
Dr Y V Reddy, Governor, Reserve Bank of India, last week met the Finance Industry Development Council (FIDC), a representative body of non-banking finance companies (NBFCs). Deputy Governor Shri V Leeladhar, Shri A V Sardesai, Executive Director and other senior officials of the Reserve Bank were also present. The objective of the meeting was to work out a three-year perspective for the sector. In his opening remarks, the Governor pointed out that the NBFCs were an im
Feb 21, 2005
Reserve Bank Cancels Certificate of Registration of Chopra and Cheema Bros.Finlease Private Limited, New Delhi
The Reserve Bank of India, has on February 5, 2005 cancelled the certificate of registration issued to Chopra and Cheema Bros.Finlease Private Limited, having its registered office at M-450, Guru Harkrishan Nagar, Paschim Vihar, New Delhi-110 087 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking finan
The Reserve Bank of India, has on February 5, 2005 cancelled the certificate of registration issued to Chopra and Cheema Bros.Finlease Private Limited, having its registered office at M-450, Guru Harkrishan Nagar, Paschim Vihar, New Delhi-110 087 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking finan
Feb 19, 2005
Reserve Bank Cancels Certificate of Registration of Cheyyar Sri Vasavi Benefit Fund Limited, Chennai
The Reserve Bank of India, has on February 7, 2005 cancelled the certificate of registration granted to Cheyyar Sri Vasavi Benefit Fund Limited having its registered office at B. Ramakannu Chettiar Building, No.40, Gandhi Road, Cheyyar-604 407 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Cheyyar Sri Vasavi Benefit Fund Limited cannot transact the business of a non-banking financial institution
The Reserve Bank of India, has on February 7, 2005 cancelled the certificate of registration granted to Cheyyar Sri Vasavi Benefit Fund Limited having its registered office at B. Ramakannu Chettiar Building, No.40, Gandhi Road, Cheyyar-604 407 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Cheyyar Sri Vasavi Benefit Fund Limited cannot transact the business of a non-banking financial institution
Feb 18, 2005
Reserve Bank Cancels Certificate of Registration of Vinayaka Sai Finvest Ltd., Hyderabad
The Reserve Bank of India, has on February 14, 2005 cancelled the certificate of registration issued to Vinayaka Sai Finvest Limited, having its registered office at 5-5-61, Khaleelwadi, Nizamabad-503 003 and 2-5-43 Jawahar Road, Nizamabad and 1-607, Divyashakti Apartments, Ameerpet, Hyderabad-500 016 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can
The Reserve Bank of India, has on February 14, 2005 cancelled the certificate of registration issued to Vinayaka Sai Finvest Limited, having its registered office at 5-5-61, Khaleelwadi, Nizamabad-503 003 and 2-5-43 Jawahar Road, Nizamabad and 1-607, Divyashakti Apartments, Ameerpet, Hyderabad-500 016 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can
Feb 18, 2005
Reserve Bank Cancels Certificate of Registration of Mahatma Securities India Ltd., Hyderabad
The Reserve Bank of India, has on February 11, 2005 cancelled the certificate of registration issued to Mahatma Securities India Limited, having its registered office at Mahatma Bhavan, 1st Floor, Opp. R & B Guest House, Karimnagar-505 001 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financia
The Reserve Bank of India, has on February 11, 2005 cancelled the certificate of registration issued to Mahatma Securities India Limited, having its registered office at Mahatma Bhavan, 1st Floor, Opp. R & B Guest House, Karimnagar-505 001 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financia
Feb 18, 2005
Reserve Bank Cancels Certificate of Registration of Icon Securities India Ltd., Hyderabad
The Reserve Bank of India, has on February 11, 2005 cancelled the certificate of registration issued to Icon Securities India Limited, having its registered office at Plot No.S-2, Sivalahari Apartments, Road No.13, Himayatnagar, Hyderabad-500 029 and Behind Telephone Bhavan, New Bus Stand Road, Jagtial, Karimnagar Dist. for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, th
The Reserve Bank of India, has on February 11, 2005 cancelled the certificate of registration issued to Icon Securities India Limited, having its registered office at Plot No.S-2, Sivalahari Apartments, Road No.13, Himayatnagar, Hyderabad-500 029 and Behind Telephone Bhavan, New Bus Stand Road, Jagtial, Karimnagar Dist. for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, th
Feb 15, 2005
Reserve Bank Cancels Certificate of Registration of Bhaskar Narayan Finance Company Private Ltd., Hyderabad
The Reserve Bank of India, has on February 8, 2005 cancelled the certificate of registration issued to Bhaskar Narayan Finance Company Private Limited, having its registered office at 501, Sandhya Enclave, Saibaba Temple Lane, Dwarakapuri Colony, Punjagutta, Hyderabad 500 082 (since shifted to Flat No.102, H.No.6-1-69/1, Block `A', G.K.R.Mansion, Saifabad, Hyderabad 500 004 for carrying on the business of a non-banking financial institution. Under powers conferred by
The Reserve Bank of India, has on February 8, 2005 cancelled the certificate of registration issued to Bhaskar Narayan Finance Company Private Limited, having its registered office at 501, Sandhya Enclave, Saibaba Temple Lane, Dwarakapuri Colony, Punjagutta, Hyderabad 500 082 (since shifted to Flat No.102, H.No.6-1-69/1, Block `A', G.K.R.Mansion, Saifabad, Hyderabad 500 004 for carrying on the business of a non-banking financial institution. Under powers conferred by
Feb 15, 2005
Reserve Bank Cancels Certificate of Registration of Suryavanshi Finance & Investments Pvt. Ltd., Secunderabad
The Reserve Bank of India, has on February 11, 2005 cancelled the certificate of registration issued to Suryavanshi Finance & Investments Pvt. Ltd, having its registered office at `B' Block, 6th Floor, Surya Towers, 105, Sardar Patel Road, Secunderabad 500 003 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of
The Reserve Bank of India, has on February 11, 2005 cancelled the certificate of registration issued to Suryavanshi Finance & Investments Pvt. Ltd, having its registered office at `B' Block, 6th Floor, Surya Towers, 105, Sardar Patel Road, Secunderabad 500 003 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of
Feb 15, 2005
Reserve Bank Cancels Certificate of Registration of Sona Finance Ltd., Hyderabad
The Reserve Bank of India, has on February 7, 2005 cancelled the certificate of registration issued to Sona Finance Limited, having its registered office at B-103, Yaseen Complex, Pancom Business Centre, Ameerpet `X' Roads, Hyderabad 500 073 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial
The Reserve Bank of India, has on February 7, 2005 cancelled the certificate of registration issued to Sona Finance Limited, having its registered office at B-103, Yaseen Complex, Pancom Business Centre, Ameerpet `X' Roads, Hyderabad 500 073 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial
Feb 10, 2005
Reserve Bank Cancels Certificate of Registration of Al-Ameen Islamic Financial & Investment Corporation (India) Ltd.
The Reserve Bank of India, has on January 29, 2005 cancelled the certificate of registration granted to Al-Ameen Islamic Financial & Investment Corporation (India) Ltd., having its registered office at No.69, Al-Ameen Tower, 3rd Floor, Near Lalbagh Main Gate, Hosur Road, Bangalore-560 027 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Al-Ameen Islamic Financial & Investment Corporation (
The Reserve Bank of India, has on January 29, 2005 cancelled the certificate of registration granted to Al-Ameen Islamic Financial & Investment Corporation (India) Ltd., having its registered office at No.69, Al-Ameen Tower, 3rd Floor, Near Lalbagh Main Gate, Hosur Road, Bangalore-560 027 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Al-Ameen Islamic Financial & Investment Corporation (
Feb 09, 2005
Reserve Bank Cancels Certificate of Registration of M. G. Kalyan Leafin & Investments Ltd., Hyderabad
The Reserve Bank of India, has on February 2, 2005 cancelled the certificate of registration issued to M. G. Kalyan Leafin & Investments Limited, having its registered office at 3-5-1110/A, Beside Hero Honda Showroom, Narayanaguda, Hyderabad-500 029 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-bankin
The Reserve Bank of India, has on February 2, 2005 cancelled the certificate of registration issued to M. G. Kalyan Leafin & Investments Limited, having its registered office at 3-5-1110/A, Beside Hero Honda Showroom, Narayanaguda, Hyderabad-500 029 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-bankin
Feb 09, 2005
Reserve Bank Cancels Certificate of Registration of Maanasa Auto Finance Private Ltd., Hyderabad
The Reserve Bank of India, has on February 2, 2005 cancelled the certificate of registration issued to Maanasa Auto Finance Private Limited, having its registered office at 45/1, Srikrupa Market, Malakpet, Hyderabad 500 036 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The busin
The Reserve Bank of India, has on February 2, 2005 cancelled the certificate of registration issued to Maanasa Auto Finance Private Limited, having its registered office at 45/1, Srikrupa Market, Malakpet, Hyderabad 500 036 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The busin
Feb 02, 2005
Reserve Bank Cancels Certificate of Registration of Steel City Holdings Ltd., Visakhapatnam
The Reserve Bank of India, has on January 27, 2005 cancelled the certificate of registration issued to Steel City Holdings Limited, having its registered office at 49-52-5/4, Santhipuram, Visakhapatnam-503 016 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The business of a non-b
The Reserve Bank of India, has on January 27, 2005 cancelled the certificate of registration issued to Steel City Holdings Limited, having its registered office at 49-52-5/4, Santhipuram, Visakhapatnam-503 016 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The business of a non-b
Feb 02, 2005
Reserve Bank Cancels Certificate of Registration of Flair Investment and Finance Ltd., Hyderabad
The Reserve Bank of India, has on January 20, 2005 cancelled the certificate of registration issued to Flair Investment and Finance Limited, having its registered office at 4-7-356, Esamia Bazaar, Hyderabad 500 027 (since shifted to 8-2-680/B, Road No.12, Banjara Hills, Hyderabad-500 034) for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the re
The Reserve Bank of India, has on January 20, 2005 cancelled the certificate of registration issued to Flair Investment and Finance Limited, having its registered office at 4-7-356, Esamia Bazaar, Hyderabad 500 027 (since shifted to 8-2-680/B, Road No.12, Banjara Hills, Hyderabad-500 034) for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the re
Jan 19, 2005
RBI prohibits M/s. Integrated Finance Company Ltd., Chennai from accepting Public Deposits
The Reserve Bank of India has prohibited M/s. Integrated Finance Company Limited, `Vairams', 112, Sir Thyagaraya Road, T. Nagar, Chennai-600 017, from accepting any deposits, from any person, in any form, whether by way of fresh deposits or renewal, of the existing deposits or otherwise, until further orders.The Reserve Bank has also prohibited M/s. Integrated Finance Co. Ltd., in public interest, not to sell, transfer, create charge or mortgage or deal in any manner
The Reserve Bank of India has prohibited M/s. Integrated Finance Company Limited, `Vairams', 112, Sir Thyagaraya Road, T. Nagar, Chennai-600 017, from accepting any deposits, from any person, in any form, whether by way of fresh deposits or renewal, of the existing deposits or otherwise, until further orders.The Reserve Bank has also prohibited M/s. Integrated Finance Co. Ltd., in public interest, not to sell, transfer, create charge or mortgage or deal in any manner
Jan 17, 2005
Reserve Bank Cancels Certificate of Registration of M/s. Esvee Investments Ltd., Hyderabad
The Reserve Bank of India, has on January 12, 2005 cancelled the certificate of registration issued to M/s. Esvee Investments Limited, having its registered office at 6-3-666/A, 3rd Floor, Lumbini Towers, Panjagutta, Hyderabad 500 082 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company
The Reserve Bank of India, has on January 12, 2005 cancelled the certificate of registration issued to M/s. Esvee Investments Limited, having its registered office at 6-3-666/A, 3rd Floor, Lumbini Towers, Panjagutta, Hyderabad 500 082 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company
Jan 13, 2005
Reserve Bank Cancels Certificate of Registration of M/s. Goldline Capitals Ltd., Hyderabad
The Reserve Bank of India, has on January 11, 2005 cancelled the certificate of registration issued to M/s. Goldline Capitals Limited, having its registered office at 108, Maruthi Apartments, Rajbhavan Road, Somajiguda, Hyderabad 500 082 (shifted to No.8, II Floor, Nalanda Complex, Medinova Compound, Hyderabad-500 082) for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the
The Reserve Bank of India, has on January 11, 2005 cancelled the certificate of registration issued to M/s. Goldline Capitals Limited, having its registered office at 108, Maruthi Apartments, Rajbhavan Road, Somajiguda, Hyderabad 500 082 (shifted to No.8, II Floor, Nalanda Complex, Medinova Compound, Hyderabad-500 082) for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the
Jan 05, 2005
Reserve Bank Cancels Certificate of Registration of M/s. Ideal Commerce Limited, Ahmedabad
The Reserve Bank of India, has on December 31, 2004 cancelled the certificate of registration issued to M/s. Ideal Commerce Limited, having its registered office at 42, Swastik Chambers, Near Gujarat Vidyapith, Off Ashram Road, Ahmedabad-380 014 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financ
The Reserve Bank of India, has on December 31, 2004 cancelled the certificate of registration issued to M/s. Ideal Commerce Limited, having its registered office at 42, Swastik Chambers, Near Gujarat Vidyapith, Off Ashram Road, Ahmedabad-380 014 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financ
Dec 29, 2004
Reserve Bank Cancels Certificate of Registration of M/s. Sandeep Traders and Investments Ltd., Ahmedabad
The Reserve Bank of India, has on December 22, 2004 cancelled the certificate of registration issued to M/s Sandeep Traders and Investments Limited, having its registered office at 6th Floor, Popular House, Ashram Road, Ahmedabad-380 009 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial comp
The Reserve Bank of India, has on December 22, 2004 cancelled the certificate of registration issued to M/s Sandeep Traders and Investments Limited, having its registered office at 6th Floor, Popular House, Ashram Road, Ahmedabad-380 009 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial comp
Dec 28, 2004
Reserve Bank Cancels Certificate of Registration of Manipal Finance Corporation Limited, Bangalore
The Reserve Bank of India, has on December 20, 2004 cancelled the certificate of registration issued to Manipal Finance Corporation Limited, having its registered office at Manipal House, Manipal, Karnataka for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The business of a non-bank
The Reserve Bank of India, has on December 20, 2004 cancelled the certificate of registration issued to Manipal Finance Corporation Limited, having its registered office at Manipal House, Manipal, Karnataka for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The business of a non-bank
Dec 24, 2004
Reserve Bank Cancels Certificate of Registration of M/s. Sandeep Traders and Investments Limited, Ahmedabad
The Reserve Bank of India, has on December 22, 2004 cancelled the certificate of registration issued to M/s. Sandeep Traders and Investments Limited., having its registered office at 6th Floor, Popular House, Ashram Road, Ahmedabad-380 009 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial co
The Reserve Bank of India, has on December 22, 2004 cancelled the certificate of registration issued to M/s. Sandeep Traders and Investments Limited., having its registered office at 6th Floor, Popular House, Ashram Road, Ahmedabad-380 009 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial co
Dec 20, 2004
Reserve Bank Cancels Certificate of Registration of M/s. Perfect Holdings Limited, Surendranagar
The Reserve Bank of India, has on December 17, 2004 cancelled the certificate of registration issued to M/s. Perfect Holdings Ltd., having its registered office at 4/2, Yogi Shopping Centre, Main Road, Surendranagar-363 001 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The busin
The Reserve Bank of India, has on December 17, 2004 cancelled the certificate of registration issued to M/s. Perfect Holdings Ltd., having its registered office at 4/2, Yogi Shopping Centre, Main Road, Surendranagar-363 001 for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The busin
Dec 10, 2004
Reserve Bank Cancels Certificate of Registration of M/s Interactive Financial Services Limited, Ahmedabad
The Reserve Bank of India, has on December 7, 2004 cancelled the certificate of registration granted to M/s Interactive Financial Services Limited having its registered office at 4, Saujanya Row Houses, Darpan Six Road, Navarangpura, Ahmedabad-380014 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s Interactive Financial Services Limited, Ahmedabad, cannot transact the business of a non-banking
The Reserve Bank of India, has on December 7, 2004 cancelled the certificate of registration granted to M/s Interactive Financial Services Limited having its registered office at 4, Saujanya Row Houses, Darpan Six Road, Navarangpura, Ahmedabad-380014 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s Interactive Financial Services Limited, Ahmedabad, cannot transact the business of a non-banking
Dec 04, 2004
Reserve Bank Cancels Certificate of Registration of M/s. Hindustan Finstock Limited, Ahmedabad
The Reserve Bank of India, has on December 2, 2004 cancelled the certificate of registration issued to M/s. Hindustan Finstock Ltd., having its registered office at 4, Akshaya Apartment, Ground Floor, Near Air India Building, Navrangpura, Ahmedbad-380 009 for carrying on the business of a non-banking financial institution. However, the company is under an obligation to repay public deposits as per the terms of conditions of the contract of deposit. Under powers confer
The Reserve Bank of India, has on December 2, 2004 cancelled the certificate of registration issued to M/s. Hindustan Finstock Ltd., having its registered office at 4, Akshaya Apartment, Ground Floor, Near Air India Building, Navrangpura, Ahmedbad-380 009 for carrying on the business of a non-banking financial institution. However, the company is under an obligation to repay public deposits as per the terms of conditions of the contract of deposit. Under powers confer
Nov 30, 2004
Reserve Bank Cancels Certificate of Registration of M/s Metrochem Capital Trust Limited, Ahmedabad
The Reserve Bank of India, has on November 27, 2004 cancelled the certificate of registration granted to M/s Metrochem Capital Trust Limited having its registered office at 505/506, `Surya Rath', Near White House, Ellis Bridge, Ahmedabad-380006 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s Metrochem Capital Trust Limited, Ahmedabad, cannot transact the business of a non-banking financial in
The Reserve Bank of India, has on November 27, 2004 cancelled the certificate of registration granted to M/s Metrochem Capital Trust Limited having its registered office at 505/506, `Surya Rath', Near White House, Ellis Bridge, Ahmedabad-380006 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s Metrochem Capital Trust Limited, Ahmedabad, cannot transact the business of a non-banking financial in
Nov 25, 2004
Reserve Bank Cancels Certificate of Registration of M/s BRR Leafin Private Limited, Hyderabad
The Reserve Bank of India, has on November 22, 2004 cancelled the certificate of registration granted to M/s BRR Leafin Private Limited having its registered office at 6-3-666/A/102, Lumbini Towers, Punjagutta, Hyderabad-500082 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s BRR Leafin Private Limited, cannot transact the business of a non-banking financial institution. Under powers conferred
The Reserve Bank of India, has on November 22, 2004 cancelled the certificate of registration granted to M/s BRR Leafin Private Limited having its registered office at 6-3-666/A/102, Lumbini Towers, Punjagutta, Hyderabad-500082 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s BRR Leafin Private Limited, cannot transact the business of a non-banking financial institution. Under powers conferred
Nov 02, 2004
Reserve Bank Cancels Certificate of Registration of Ju Ju Finance & Leasing Limited, New Delhi
The Reserve Bank of India, has on October 25, 2004 cancelled the certificate of registration granted to Ju Ju Finance & Leasing Ltd., having its registered office at RZ-161/1, Street No.2, Sadh Nagar, Palam Colony, New Delhi-110 045 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Ju Ju Finance & Leasing Limited cannot transact the business of a non-banking financial institution. The compa
The Reserve Bank of India, has on October 25, 2004 cancelled the certificate of registration granted to Ju Ju Finance & Leasing Ltd., having its registered office at RZ-161/1, Street No.2, Sadh Nagar, Palam Colony, New Delhi-110 045 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Ju Ju Finance & Leasing Limited cannot transact the business of a non-banking financial institution. The compa
Nov 02, 2004
Reserve Bank Cancels Certificate of Registration of M/s Royal Finance Limited, Ahmedabad
The Reserve Bank of India, has on November 1, 2004 cancelled the certificate of registration granted to M/s Royal Finance Limited having its registered office at Samudra A-504, 5th Floor, S. P. Road, Navrangpura, Ahmedabad-380 009 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s Royal Finance Limited, cannot transact the business of a non-banking financial institution. Under powers conferred b
The Reserve Bank of India, has on November 1, 2004 cancelled the certificate of registration granted to M/s Royal Finance Limited having its registered office at Samudra A-504, 5th Floor, S. P. Road, Navrangpura, Ahmedabad-380 009 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s Royal Finance Limited, cannot transact the business of a non-banking financial institution. Under powers conferred b
Oct 30, 2004
Reserve Bank Cancels Certificate of Registration of M/s Mango Securities Limited, Hyderabad
The Reserve Bank of India, has on October 23, 2004 cancelled the certificate of registration granted to M/s Mango Securities Limited having its registered office at 3-6-874/4, Hyderguda, Hyerabad-500029 (allegedly changed to Flat No.109, S.R.Complex, Opposite to CCMB, Habsiguda, Hyderabad-500007) for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s Mango Securities Limited, cannot transact the bus
The Reserve Bank of India, has on October 23, 2004 cancelled the certificate of registration granted to M/s Mango Securities Limited having its registered office at 3-6-874/4, Hyderguda, Hyerabad-500029 (allegedly changed to Flat No.109, S.R.Complex, Opposite to CCMB, Habsiguda, Hyderabad-500007) for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s Mango Securities Limited, cannot transact the bus
Oct 29, 2004
Reserve Bank Cancels Certificate of Registration of Sri Selvanarayana Finance Limited, Chennai
The Reserve Bank of India, has on October 23, 2004 cancelled the certificate of registration granted to Sri Selvanarayana Finance Ltd. having its registered office at No.5, Balaram Complex, Vembakottai Road, Sattur-626203 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Sri Selvanarayana Finance Limited, cannot transact the business of a non-banking financial institution. Under powers conferred by
The Reserve Bank of India, has on October 23, 2004 cancelled the certificate of registration granted to Sri Selvanarayana Finance Ltd. having its registered office at No.5, Balaram Complex, Vembakottai Road, Sattur-626203 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Sri Selvanarayana Finance Limited, cannot transact the business of a non-banking financial institution. Under powers conferred by
Oct 29, 2004
Reserve Bank Cancels Certificate of Registration of M/s Shri Subhlaxmi Finvest Limited, Surendranagar
The Reserve Bank of India, has on October 25, 2004 cancelled the certificate of registration granted to M/s Shri Subhlaxmi Finvest Limited having its registered office at D/1, Yogi Shopping Centre, Main Road, Surendranagar-363001 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s Shri Subhlaxmi Finvest Limited, cannot transact the business of a non-banking financial institution. Under powers con
The Reserve Bank of India, has on October 25, 2004 cancelled the certificate of registration granted to M/s Shri Subhlaxmi Finvest Limited having its registered office at D/1, Yogi Shopping Centre, Main Road, Surendranagar-363001 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s Shri Subhlaxmi Finvest Limited, cannot transact the business of a non-banking financial institution. Under powers con
Oct 21, 2004
Reserve Bank Cancels Certificate of Registration of M/s. CHPL Finance Limited, Secunderabad
The Reserve Bank of India, has on October 18, 2004 cancelled the certificate of registration issued to M/s. CHPL Finance Limited, Secunderabad, having its registered office at Flat No.15, 2nd Floor Deepthi Apartments, Door No.9-1-7/83, S.P.Road, Secunderabad-500 026, (shifted to 2, Budhha Bhavanam, M. G. Road, Secunderabad-500 003) for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India A
The Reserve Bank of India, has on October 18, 2004 cancelled the certificate of registration issued to M/s. CHPL Finance Limited, Secunderabad, having its registered office at Flat No.15, 2nd Floor Deepthi Apartments, Door No.9-1-7/83, S.P.Road, Secunderabad-500 026, (shifted to 2, Budhha Bhavanam, M. G. Road, Secunderabad-500 003) for carrying on the business of a non-banking financial institution. Under powers conferred by Section 45IA of the Reserve Bank of India A
Oct 05, 2004
Reserve Bank Cancels Certificate of Registration of M/s. Sibar Finance Limited, Hyderabad
The Reserve Bank of India, has on September 28, 2004 cancelled the certificate of registration granted to M/s. Sibar Finance Limited, having its registered office at 27-14-49, II Floor, Rajagopalachari Street, Governorpet, Vijaywada, Hyderabad-520 002 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. Sibar Finance Limited cannot transact the business of a non-banking financial institution. Und
The Reserve Bank of India, has on September 28, 2004 cancelled the certificate of registration granted to M/s. Sibar Finance Limited, having its registered office at 27-14-49, II Floor, Rajagopalachari Street, Governorpet, Vijaywada, Hyderabad-520 002 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. Sibar Finance Limited cannot transact the business of a non-banking financial institution. Und
Oct 01, 2004
Reserve Bank Cancels Certificate of Registration of New Line Finance Limited, Chennai
The Reserve Bank of India, has on September 20, 2004 cancelled the certificate of registration granted to New Line Finance Limited, having its registered office at 15, Halls Road, Egmore, Chennai-600 008 for carrying on the business of a non-banking financial institution as the company opted to exit from the business of non-banking financial institution. Following cancellation of registration certificate, New Line Finance Limited cannot transact the business of a non-
The Reserve Bank of India, has on September 20, 2004 cancelled the certificate of registration granted to New Line Finance Limited, having its registered office at 15, Halls Road, Egmore, Chennai-600 008 for carrying on the business of a non-banking financial institution as the company opted to exit from the business of non-banking financial institution. Following cancellation of registration certificate, New Line Finance Limited cannot transact the business of a non-
Sep 22, 2004
Reserve Bank Cancels Certificate of Registration of M/s. Vir Finlease Limited, Ahmedabad
The Reserve Bank of India, has on September 15, 2004 cancelled the certificate of registration granted to M/s. Vir Finlease Limited having its registered office at 1, First Floor, Vee-Murti Complex, Gurukul Road, Memnagar, Ahmedabad-380 052 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. Vir Finlease Limited cannot transact the business of a non-banking financial institution. Under powers co
The Reserve Bank of India, has on September 15, 2004 cancelled the certificate of registration granted to M/s. Vir Finlease Limited having its registered office at 1, First Floor, Vee-Murti Complex, Gurukul Road, Memnagar, Ahmedabad-380 052 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. Vir Finlease Limited cannot transact the business of a non-banking financial institution. Under powers co
Sep 17, 2004
Reserve Bank Cancels Certificate of Registration of Sehajpal Finance & Investment Limited, Nawanshar
The Reserve Bank of India, has on September 7, 2004 cancelled the certificate of registration granted to Sehajpal Finance & Investment Limited having its registered office at 1st Floor, Preet Palace, Rahon Road, Nawanshar Doaba (Punjab) for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Sehajpal Finance & Investment Limited cannot transact the business of a non-banking financial institution.
The Reserve Bank of India, has on September 7, 2004 cancelled the certificate of registration granted to Sehajpal Finance & Investment Limited having its registered office at 1st Floor, Preet Palace, Rahon Road, Nawanshar Doaba (Punjab) for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Sehajpal Finance & Investment Limited cannot transact the business of a non-banking financial institution.
Sep 17, 2004
RBI meets RNBCs
A meeting was held with Residuary Non-Banking Companies (RNBCs) today in the Reserve Bank of India. Dr. Y V Reddy, Governor, Reserve Bank chaired the meeting which was attended by Smt. K J Udeshi, Deputy Governor and Smt. Shyamala Gopinath, Executive Director along with other senior officials of the Reserve Bank. RNBCs were represented by Shri Subrata Roy, Managing Director, Sahara Indian Financial Corporation Limited, Shri S K Roy, Managing Director of Peerless Gener
A meeting was held with Residuary Non-Banking Companies (RNBCs) today in the Reserve Bank of India. Dr. Y V Reddy, Governor, Reserve Bank chaired the meeting which was attended by Smt. K J Udeshi, Deputy Governor and Smt. Shyamala Gopinath, Executive Director along with other senior officials of the Reserve Bank. RNBCs were represented by Shri Subrata Roy, Managing Director, Sahara Indian Financial Corporation Limited, Shri S K Roy, Managing Director of Peerless Gener
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Page Last Updated on: December 02, 2024
