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Press Releases
નવે 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
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નવે 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
નવે 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
નવે 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
નવે 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
નવે 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
નવે 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
નવે 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
નવે 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
નવે 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.
નવે 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
નવે 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
નવે 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
નવે 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
નવે 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
નવે 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
નવે 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
નવે 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
નવે 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
ઑક્ટો 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
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