Regulating Non-Banking

The Reserve Bank of India has on November 24, 2008 cancelled the certificate of registration granted to Blue Green Constructions & Investments Ltd. having its registered office at Habib Complex, 6th Floor, No.5, Durgabai Deshmukh Road, R.A. Puram, Chennai-600028, for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of a non-banking financial institution. Following cancellation of the registration ce

The Reserve Bank of India has today placed on its website draft regulatory guidelines for securitisation and reconstruction companies. The draft guidelines relate to change in or takeover of the management of the business of the borrowers by Securitisation Companies/Reconstruction Companies. The Reserve Bank has invited comments on the draft guidelines from banks, financial institutions, non-banking finance companies, securitisation companies, reconstruction companies

The Reserve Bank of India has on October 29, 2008 cancelled the certificate of registration issued to KGK Finance Limited having its registered office at `Sri Rangapadmam', No.2, Hasthigiri Street, West Mambalam, Chennai-600033, for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution. Under powers conferred by Section 45-I

The Reserve Bank of India has on October 1, 2008 cancelled the certificate of registration granted to M/s. Western Securities Ltd. having its registered office at Hincon House, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai-400083, for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of a non-banking financial institution. Following cancellation of the registration certificate the company cannot tran

The Reserve Bank of India has on October 01, 2008 cancelled the certificate of registration granted to M/s. SDFC Finance Limited having its registered office at Vyavasay Building, Ground Floor, Nr. Veraimata Mandir, Dinesh Mill Road, Vadodara-390005 for carrying on the business of a non-banking financial institution as the company has ceased to be a non-banking financial institution. Following cancellation of the registration certificate the company cannot transact th

The Reserve Bank of India has on October 01, 2008 cancelled the certificate of registration granted to M/s. Varun Capital Services Private Limited having its registered office at 'Harikrupa' Santaram Road, Nadiad-387001 for carrying on the business of a non-banking financial institution as the company has ceased to be a non-banking financial institution and is not traceable. Following cancellation of the registration certificate the company cannot transact the busines

The Reserve Bank of India has on September 17, 2008 cancelled the certificate of registration granted to M/s. Black Partridge Holdings Private Limited having its registered office at 1602, Ambadeep, 14, K.G. Marg, New Delhi-110001 for carrying on the business of a non-banking financial institution as the company has voluntarily exited from the business of a non-banking financial institution and has been wound up. Following cancellation of the registration certificate

The Reserve Bank of India has on September 9, 2008 cancelled the certificate of registration granted to Hastah Finances Limited, having its registered office at 50-81-25/2, 1st Floor, Seethammapeta, Visakhapatnam-530016 (since shifted to Flat No.6, 1st Floor, 10-50-18/1 (6), Siripuram Towers, Opposite HSBC, Siripuram, Visakhapatnam-530003) for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate the co

The Reserve Bank of India has on September 12, 2008 cancelled the certificate of registration granted to Goodwill Housing and Investments Limited having its registered office at Suite C-2, J.P.Greenland Apartments, No.5, Fifth Main Road, Nandanam Extension, Chennai-600035 for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of a non-banking financial institution. Following cancellation of the registrati

The Reserve Bank of India has on August 7, 2008 cancelled the certificate of registration granted to M/s. Chartered Finance Management Limited having its registered office at 33, Sharada Sadan, 11, S.A. Brelvi Road, Fort, Mumbai-400001 carrying on the business of a non-banking financial institution as the company has opted to exit from the business of a non-banking financial institution. Following cancellation of the registration certificate, M/s. Chartered Finance Ma