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 the applications for grant of a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. M/s. Trisubh Finlease Pvt. Ltd., 90A, Lajpat Nagar-II, New Delhi-110 02426.10.19992.Mahanadi Commercial and Investment Ltd., AT/PO Kuchinada, Dist. Sambalpur, Orissa.26.10.19993.Nagar

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. M/s. Mahajan Hire Finlease (P) Ltd., 14/119, Gandhi Nagar, Aligarh-202 001, Uttar Pradesh.25.10.19992.M/s. Sansvee Finance & Leasing Ltd., 44, W.G.C. Road, Tuticorin-628 002, Tami

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 25, 1999 the application for certificate of registration submitted by the financial company Samaleswari General Finance & Investment Company Ltd., Nayanpara P.O., Dist. Sambalpur, Orissa.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 25, 1999 the application for certificate of registration submitted by the financial company M/s. Asia Pacific Financial Services Ltd., Suite No. 18, Shantiniketan, 8, Camac Street, Calcutta-700 017.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 October 21, 1999 the application for certificate of registration submitted by the financial company M/s. Pappu Finance Ltd., No.60, G.N. Chetty Road, T.Nagar, Chennai-600 017.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 Reserve B

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 21, 1999 the application for certificate of registration submitted by the financial company M/s. Drushti Savings & Investments Ltd., Municipal Complex, Sainagar, Anantapur-515 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I

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 21, 1999 the application for certificate of registration submitted by the financial company M/s. Bachan Auto Hire Purchase (P) Ltd., 1st floor, Diamond Complex, opp. Main Bus Stand, Ludhiana-141 002.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 October 18, 1999 the application for certificate of registration submitted by the financial company Mark Leasing and Finance Ltd., 93, Mahavar Towers, 9th Floor, Nr.Mahalaxmi Char Rasta, Paldi, Ahmedabad-380 007.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause

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. M/s. Siddarth Motor Finance Pvt. Ltd., 488-6A, Opp. DTC Bus Terminal, Dilshad Garden, Delhi-110 09513.10.19992.M/s. Damayanti Credit & Financial Services (P) Ltd., D.No. 57-1-20,

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 13, 1999, the application for Certificate of Registration submitted by the financial company M/s. Swano Credit and Finvest Pvt. Ltd., P.O. Mechada, Dist. Midnapore, West Bengal, Pin-721 137.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Sectio