Regulating 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 May 23, 2000 the application for certificate of registration submitted by M/s. Franzaan Capitals Ltd., Aasan Zubi House, 1-2-597/13, Lower Tank Bund, 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 IA 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 May 17, 2000 the application for certificate of registration submitted by M/s. Magnum Trust Ltd., 1st Floor, Parkash Market, Near Clock Tower, Ludhiana, Punjab.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India 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 May 11, 2000 the application for certificate of registration submitted by M/s. Osiaji Finance (Chennai) Ltd., No.101, Thirupalli Street, Sowcarpet, Chennai-600 079.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of Ind

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 May 11, 2000 the application for certificate of registration submitted by M/s. Bezwada Finance Pvt. Ltd., Maneesha Mansion, IInd floor, Opp. Pinnamaneni Polyclinic, Vijayawada-520 010. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of 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 May 2, 2000 the application for certificate of registration submitted by the financial company Shiv International Saving and Investment Company Ltd., Village & Post-Samesi, Thana-Nagram, Dist. Lucknow, Uttar Pradesh. 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 the applications for certificate of registration submitted by the following non-banking financial companies: Name of the CompanyRejected on 1.S.P. Hire Purchase Private Limited and2.Avadh Hire Purchase Company Private Limited, Shahjahanpur Road, Shyamganj, Bareilly-243 005, Uttar Pradesh.April 29, 2000As such, the above companie

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 April 27, 2000 the application for certificate of registration submitted by the financial company Lok Vikas Finance Corporation Ltd., 3F/1, Shivanand Marg, Malviya Nagar, Jaipur.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reser

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 April 24, 2000 the application for certificate of registration submitted by the financial company M/s. Sathee Finance & Investment Co. (I) Ltd., 41, D. C. Building, Kalyani-741 235, West Bengal. 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 April 19, 2000 the application for Certificate of Registration submitted by the financial company Rajasthan Jan Chetna Finance Ltd., 'Shri Kalyan Ashirwad', Main Road, Deoli, Distt. Tonk, Rajasthan 304 804.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 the applications for certificate of registration submitted by the following non-banking financial companies: Name of the CompanyRejected on 1.Madhya Pradesh Lok Vikas Finance Ltd., 27, Mayur Market, Thatipur, Gwalior.April 18, 2000 2.Kaushal Finance & Investment Consultancy Pvt. Ltd. 17B, Padmanabh Nagar, Near Subhash Nagar,