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. Rajendra Finance & Leasing (Private) Ltd., Old Post Office Building, Maya Bazar, Visnagar-384 315.18.8.19992.M/s. Vindyasara Finance & Savings (I) Pvt. Ltd., 27/A-1251, G

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 August 16, 1999 the application for certificate of registration submitted by the financial company Saritha Leafin (P) Ltd., 3-5-944/222 & 223, Panchavati Mall, Opp. Taj Mahal Hotel, Narayanguda, Hyderabad.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 the applications for grant of a certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. M/s. Fineline Finance and Investments Ltd., Ananda Building, First Floor, No.3, Station Road, West Mambalam, Chennai-600 033.14.8.19992.M/s. Godavari Hire Purchase (P) Ltd., Near Rail

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 August 16, 1999 the application for certificate of registration submitted by the financial company M/s. Verona Commercial Credit & Investment Co. Ltd., 68B, A.P.C. Road, 2nd Floor, Room No. 16, Calcutta-700 009.As such, the above company cannot transact the business of a non-banking financial institution as defined in Cla

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 August 16, 1999 the application for certificate of registration submitted by the financial company M/s. Mangal Finance Ltd., 202, Balarama House, 1, Karampura Commercial Complex, 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 August 12, 1999 the application for certificate of registration submitted by the financial company M/s. Nagma Mutual Benefit (I) Ltd., 12-A, Nagma Market, Paltan Bazar, Pratapgarh (Uttar Pradesh).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 August 13, 1999 the application for certificate of registration submitted by the financial company M/s. Grover Leasing Ltd., M-2, Yogeshwar, Connaught Place, 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 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 on August 13, 1999 the application for certificate of registration submitted by the financial company The City Investment & Finance Ltd., 81, Kharavel Nagar, Unit III, Bhubaneshwar-751 001.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I 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 August 12, 1999, the application for certificate of registration submitted by the financial company M/s. Parasrampuria Credit & Investments Ltd., Regent Chambers, 10th Floor, 208, Nariman Point, Mumbai 400 021.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 August 7, 1999 the application for certificate of registration submitted by the financial company Benison Finance Ltd., Chandmari (opp.Brahmaputra Flood Control Commission), Guwahati-781003.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