SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 13-JUL-2024

NBFC: PROHIBITED FROM ALIENATING ITS ASSETS

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
1	ICDS LTD.		SURRENDERED CERTIFICATE OF REGISTRATION	CANCELLED CERTIFICATE OF REGISTRATION PROHIBITED FROM ACCEPTING DEPOSITS PROHIBITED FROM ALIENATING ITS ASSETS ORDERED TO REPAY PUBLIC DEPOSITS 09-OCT-2002	THE RBI INSISTED ON THE COMPANY TO SURRENDER THE CERT.OF REGISTRATION OF NBFC AT THE TIME OF SANCTIONING OF THE SCHEME BY THE HIGH COURT OF KARNATAKA. THE HON'BLE HIGH COURT OF KARNATAKA HAS ALSO MADE THIS AS A CONDITION FOR SANCTIONING THE SCHEME. ACCORDINGLY IT HAS BEEN SURRENDERED. THIS IS ALSO ONE OF THE CONDITIONS OF RBI INSISTED UPON AT THE TIME OF HEARING THE SCHEME BY HON'BLE HIGH COURT.IT WAS A FACT.THE CONDITION STIPULATED BY RBI WAS ALSO INCORPORATED BY THE HON HIGH COURT OF KARNATAKA WHILE SANCTIONING THE SCHEME. ACCORDINGLY DEPOSITS HAVE BEEN PAID
2	ICS FINANCE LTD.		DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934	REJECTION OF APPLICATION FOR CERTIFICATE OF REGISTRATION AS NBFC PROHIBITED FROM ACCEPTING DEPOSITS PROHIBITED FROM ALIENATING ITS ASSETS 20-FEB-2002
3	IFB FINANCE LTD.		DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934	PROHIBITED FROM ACCEPTING DEPOSITS PROHIBITED FROM ALIENATING ITS ASSETS 08-JAN-2000
4	INCAN INVESTMENTS & LEASING LTD.		DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934	REJECTION OF APPLICATION FOR CERTIFICATE OF REGISTRATION AS NBFC PROHIBITED FROM ACCEPTING DEPOSITS PROHIBITED FROM ALIENATING ITS ASSETS 17-JAN-2002
5	INDUSIND LEASING LTD.		DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934	CANCELLED CERTIFICATE OF REGISTRATION PROHIBITED FROM ACCEPTING DEPOSITS PROHIBITED FROM ALIENATING ITS ASSETS ORDERED TO REPAY PUBLIC DEPOSITS 08-FEB-2003
6	INTEGRATED FINANCE CO.LTD.		DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934	PROHIBITED FROM ACCEPTING DEPOSITS PROHIBITED FROM ALIENATING ITS ASSETS 19-JAN-2005
7	INTERACT LEASING & FINANCE LTD.		DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934	CANCELLED CERTIFICATE OF REGISTRATION PROHIBITED FROM ACCEPTING DEPOSITS PROHIBITED FROM ALIENATING ITS ASSETS ORDERED TO REPAY PUBLIC DEPOSITS 14-DEC-2002
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.