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 certificate of registration submitted by the following non-banking financial companies:Name of the CompanyRejected on1. M/s Flawless Leasing and Housing Finance Ltd., B 38/13-8 Navodit Nagar, Mahmoorganj, Varanasi 221010(U.P.)February 3, 20002.Drishtikone Finance and Leasing Company Ltd. Nazma Market, Bulaki

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 February 3, 2000 the application for Certificate of Registration submitted by the financial company Kashmir Valley Finance & Investment Co. Ltd., K.P. Road, Anantnag, Kashmir.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Rese

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 certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. Trade Well Finance Limited, Radhika Mansion, Kunwar Singh Chowk, Jugsalai, Jamshedpur-831 00203.02.20002.Cosmen Finance & Investment Limited 114, Jagat Trade Centre, Fraser Road, Pa

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 February 3, 2000 the application for Certificate of Registration submitted by the financial company Vanguard (India) Finance Limited, Hem Ram Bora Complex, First Floor, Opp. G.L. Publication, P.O. Ulbari, Guwahati.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 the applications for grant of certificate of registration submitted by the undernoted financial companies:Sr.No.Name of the CompanyRejected on1. Nezone Valley Finvest Private Limited Natunpara, Tezpur, Dist. Sonitpur, Assam.27.01.20002.Shree Finance and Securities Limited, Dolamundai, Mahatab Road, Pithapur, Cuttack-753 001.29.0

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 January 27, 2000 the application for Certificate of Registration submitted by the financial company Shubhashish Finlease Private Ltd., B-27, Govardhan Nagar, Motived, Surat-395 004.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Re

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 January 27, 2000 the application for Certificate of Registration submitted by the financial company Apace India Corporation Ltd., Registered Office : Kumar Tanay Vaishya Sabha, Purani Sabji Mandi, Kashipur, Udham Singh Nagar, Uttar Pradesh.As such, the above company cannot transact the business of a non-banking financial inst

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 January 27, 2000 the application for Certificate of Registration submitted by the financial company Apace Savings and Mutual Benefit (I) Ltd., Registered Office : Kumar Tanay Vaishya Sabha, Purani Sabji Mandi, Kashipur, Udham Singh Nagar, Uttar Pradesh.As such, the above company cannot transact the business of a non-banking f

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 January 25, 2000 the application for Certificate of Registration submitted by the financial company M/s. Pushparag Savings & Investment Co. Pvt. Ltd., Old Pandapara, P.O.Pandapara, Kalibari, Dist. Jalpaiguri, West Bengal-735 132.As such, the above company cannot transact the business of a non-banking financial institution

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 January 19, 2000 the application for Certificate of Registration submitted by the financial company M/s. Jeet Hire Purchase Pvt. Ltd., Registered Office : Jogipura, Near Nagarpalika, Badaun-243601, Uttar Pradesh.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause