Regulating Non-Banking

The Reserve Bank of India, has on September 15, 2004 cancelled the certificate of registration granted to M/s. Vir Finlease Limited having its registered office at 1, First Floor, Vee-Murti Complex, Gurukul Road, Memnagar, Ahmedabad-380 052 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. Vir Finlease Limited cannot transact the business of a non-banking financial institution. Under powers co

A meeting was held with Residuary Non-Banking Companies (RNBCs) today in the Reserve Bank of India. Dr. Y V Reddy, Governor, Reserve Bank chaired the meeting which was attended by Smt. K J Udeshi, Deputy Governor and Smt. Shyamala Gopinath, Executive Director along with other senior officials of the Reserve Bank. RNBCs were represented by Shri Subrata Roy, Managing Director, Sahara Indian Financial Corporation Limited, Shri S K Roy, Managing Director of Peerless Gener

The Reserve Bank of India, has on September 7, 2004 cancelled the certificate of registration granted to Sehajpal Finance & Investment Limited having its registered office at 1st Floor, Preet Palace, Rahon Road, Nawanshar Doaba (Punjab) for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Sehajpal Finance & Investment Limited cannot transact the business of a non-banking financial institution.

The Reserve Bank of India, has on September 10, 2004 cancelled the certificate of registration granted to M/s. Girija Investments Private Limited, having its registered office at 6-3-348 salopia, Dwarakapuri Colony, Hyderabad-500 082 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. Girija Investments Private Limited, cannot transact the business of a non-banking financial institution. Under p

The Reserve Bank of India, has on September 8, 2004 cancelled the certificate of registration granted to M/s. Kabsons Finance Limited having its registered office 7-1-214/A Dharam Karan Road, Ameerpet, Hyderabad-500 016 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. Kabsons Finance Limited cannot transact the business of a non-banking financial institution. Under powers conferred by Section

The Reserve Bank of India, has on July 27, 2004 cancelled the certificate of registration granted to Ashoka Safe Deposit Vault Company Limited (formerly Nagpur Credit Card & Lease Investment Company) having its registered office at Ashoka Locker Building, 379 Pandit Jawaharlal Nehru Marg, Sitaburdi, Nagpur-440 012 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Ashoka Safe Deposit Vault Compa

The Reserve Bank of India, has on September 7, 2004 cancelled the certificate of registration granted to M/s. Dalia Securities Limited, having its registered office at 4-7-1103, Esamia Bazar, Hyderabad-500 027 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. Dalia Securities Limited, cannot transact the business of a non-banking financial institution.Under powers conferred by Section 45IA of

September 8, 2004 The Reserve Bank of India, has on August 19, 2004 cancelled the certificate of registration granted to Dani Finlease Limited, Mumbai, having its registered office at 4B Barodawala Mansion, 81 Dr. Annie Besant Road, Worli, Mumbai-400 018 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Dani Finlease Limited cannot transact the business of a non-banking financial institution. The c

September 8, 2004 The Reserve Bank of India, has on August 18, 2004 cancelled the certificate of registration granted to Baba Farid Investment Limited, having its registered office at Dwareana Road, Kotkapura, District Faridkot for carrying on the business of a non-banking financial institution as the company opted to exit from the business of non-banking financial institution. Following cancellation of registration certificate, Baba Farid Investment Limited cannot tr

September 8, 2004 The Reserve Bank of India, has on September 1, 2004 cancelled the certificate of registration granted to M/s. Chillakuru Investments Private Limited having its registered office 6-3-348, Salopoia, Dwarakapuri Colony, Punjagutta, Hyderabad-500 082 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. Chillakuru Investments Private Limited cannot transact the business of a non-bank