TaxTMI 
TaxTMI 
RBI Cautions against Misuse of cancelled NBFC Certificate of Registration
X X X X Extracts X X X X
X X X X Extracts X X X X
....BI Cautions against Misuse of cancelled NBFC Certificate of Registration <br>News and Press Release<br>Dated:- 24-11-2014<br><BR>It has come to the notice of the Reserve Bank of India that some entiti....
X X X X Extracts X X X X
X X X X Extracts X X X X
....es/imposters, including companies, partnership firms, individuals, etc., are fraudulently impersonating as Non Banking Financial Companies (NBFCs) registered with the Reserve Bank of India, by forging....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... the Certificate of Registration cancelled by Reserve Bank of India. It is understood that entities/imposters are promising loans to the needy public at attractive rates and collecting money from them....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... as processing charges for the loans/advances and vanish with the money so collected. Such fraudulent activities/offers are punishable under the law. Members of public are advised to exercise due cau....
X X X X Extracts X X X X
X X X X Extracts X X X X
....tion and not to fall prey to such fraudulent activities/offers and to inform the local police authorities if any such activities come to their notice. Do not make any payment or financial commitment ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....to any individuals/entities without verifying the veracity of the transaction, the credentials and genuiness of licence or Certificate of Registration issued by the appropriate regulatory authority to....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... function as a financial institution. Be informed! Be Safe! Alpana Killawala Principal Chief General Manager<BR> News - Press release - PIB....