RBI Cautions against Misuse of cancelled NBFC Certificate of Registration

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..... RBI Cautions against Misuse of cancelled NBFC Certificate of Registration - News and Press Release Dated:- 24-11-2014 - News - It has come to the notice of the Reserve Bank of India that some entiti .....

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..... 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 .....

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..... 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 .....

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..... 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 c .....

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..... aution 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 commitm .....

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..... ent 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 authorit .....

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..... y to function as a financial institution. Be informed! Be Safe! Alpana Killawala Principal Chief General Manager - News - Press release - PIB Tax Management India - taxmanagementindia .....

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..... - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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