Regulating Non-Banking

The Reserve Bank of India has on August 8, 2008 cancelled the certificate of registration granted to M/s. Reliance Petroinvetments Limited having its registered office at Maker Chambers IV, 3rd Floor, 222, Nariman Point, Mumbai-400021 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. Reliance Petroinvestm

The Reserve Bank of India RBI is keeping a close watch on the developments in the wake of filing of Chapter 11 bankruptcy petition by Lehman Brothers Holding Inc. in the US and is in constant touch with banks and other market participants to manage, in an orderly manner, any fallout of these developments on the Indian markets. In public interest and in the interest of financial stability, RBI has advised Lehman Brothers Capital Pvt. Ltd., a NBFC that it would need pri

The Reserve Bank of India has on August 8, 2008 cancelled the certificate of registration granted to Vinay Credit Company Private Limited having its registered office at 9-16-29, CBM Compound, Visakhapatnam-530003 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, Vinay Credit Company Private Limited, canno

The Reserve Bank of India has on July 17, 2008 cancelled the certificate of registration granted to M/s Ess Ess Leasing Pvt. Ltd., having its registered office at Kapila Building, Near BMC Chowk, Jalandhar City-144001 for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, M/s Ess Ess Leasing Pvt. Ltd., cannot transact the business of a non-banking financial institution. By the powers conferred under

The Reserve Bank of India has on July 18, 2008 cancelled the certificate of registration granted to Vasu Estates and Finance Private Limited (Formerly Vasu Estates and Finance Limited) having its registered office at 2/1, Enikepadu, Vijayawada-521108 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, Vasu E

The Reserve Bank of India has on July 7, 2008 cancelled the certificate of registration granted to Real Lines Finance and Investments Limited (Formerly Real Lines Finance and Investments Private Limited) having its registered office at 307, Liberty Plaza, 3-6-365, Basheerbagh, Hyderabad-500029 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 cancella

The Reserve Bank of India has on June 13, 2008 cancelled the certificate of registration granted to Mukut Finlease Limited, having its registered office at Mukut Complex, Rekabganj, Faizabad (U.P.) for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, Mukut Finlease Limited, cannot transact the business of a non-banking financial institution. By the powers conferred under Section 45-IA (6) of the R

The Reserve Bank of India has on June 20, 2008 cancelled the certificate of registration granted to M/s Royal Pacific Finance Private Limited, having its registered office at 8 Usha Chamber, 1st floor, 37-38 Central Market, Ashok Vihar, Delhi-110052 for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, M/s Royal Pacific Finance Private Limited, cannot transact the business of a non-banking financia

The Reserve Bank of India has on May 15, 2008 cancelled the certificate of registration granted to M/s VIA Investments Private Limited having its registered office at L-2, Eden Hall, Dr. Annie Besant Road, Worli, Mumbai-400018 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, M/s VIA Investments Private Li

The Reserve Bank of India has on June 18, 2008 cancelled the certificate of registration granted to M/s Nawanshahr Doaba Finlease Private Limited, having its registered office at Nawanshahr, Garshankar Road, Nawanshahr - 144514 (Punjab) for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, M/s Nawanshahr Doaba Finlease Private Limited, cannot transact the business of a non-banking financial institu