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 June 21, 1999, the application for Certificate of Registration submitted by the financial company M/s.Renowned Small Savings Co. Ltd., Ashram Road, P.O. & Dist. Cooch Behar, West Bengal.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 June 25, 1999, the application for Certificate of Registration submitted by the financial company M/s. Enrich Industries Ltd., 214 Spectrum Commercial, Near G.P.O., Salapose Road, Ahmedabad-380 001. As such, the above company cannot transact the business of a non-banking financial institution, as defined in Clause (a) of Sect

The Reserve Bank of India in exercise of the powers vested in it under sub-section (4) of Section 45K and Section 45MB of the Reserve Bank of India Act, 1934 has prohibited the undernoted two companies from accepting deposits from any person including the existing depositors/certificate holders, in any form whether by way of subscription/instalment to any scheme conducted by the company or by way of renewals under any such schemes/deposits or otherwise with immediate

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 June 22, 1999, the application for Certificate of Registration submitted by the financial company M/s. Reginal Small Savings & Investments Ltd., Das Bhaban, Chhoto Bazar, P.O & Dist. Midnapur (West Bengal).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 June 24, 1999, the application for Certificate of Registration submitted by M/s.Goldfinch Finance & Leasing Ltd., having its Registered Office at 'Srikrishna', Plot No.9, Aurora Colony-II, Road No.3, Banjara Hills, Hyderabad-500 034.As such, the above company cannot transact the business of a Non-Banking Financial Institu

The Reserve Bank of India has decided to discontinue the system of receiving copies of return on deposits from the non-banking non-financial companies from the current reporting period, i.e., March 31, 1999 onwards.In terms of the provisions contained in the Companies Act, 1956, the non-banking non-financial companies were required to submit the return on deposits mobilised by them to the Registrar of Companies. Copies of these returns were also being received in 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 June 21, 1999, the application for Certificate of Registration submitted by the financial company M/s. Sankalpa Social Welfare Economy Ltd., Mahamaya, Dharampur, P.O. Chinsurah, Dist. Hooghly.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 June 15, 1999, the application for Certificate of Registration submitted by M/s. Madhupala Credit Capitals Ltd., (formerly Auriferous Finance & Investment Ltd.,) now changed its name to M/s. Innareddy Computer Software Associates (I) Ltd., having its Registered Office at 203, Ashok Plaza, 2nd Floor, 10-1-126, Masab Tank,

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 June 15, 1999, the application for Certificate of Registration submitted by the financial company M/s. Krishna Credit Company Ltd., 17 A, Dr. Bidhan Roy Sarani, (M.Lane), More Pukur, Rishra, West Bengal-712 205.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 certificates of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on 1. M/s. Himalayan Fincap Ltd., Triveni Building, Khalini, Shimla-171 002.15.6.1999 2.M/s. Him Parvesh Finance Ltd., Sanmol Cottage, Chakkar, Shimla-171 005.15.6.1999As such, the above co