SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 27-NOV-2025

NBFC: ORDERED TO REPAY PUBLIC DEPOSITS

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
1	MAGGY FINANCE PVT.LTD.		DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934	CANCELLED CERTIFICATE OF REGISTRATION FROM 08-JUL-2003 PROHIBITED FROM ACCEPTING DEPOSITS FROM 08-JUL-2003 PROHIBITED FROM ALIENATING ITS ASSETS FROM 08-JUL-2003 ORDERED TO REPAY PUBLIC DEPOSITS FROM 08-JUL-2003 08-JUL-2003
2	MANGALPRADEEP FINANCIAL & INVESTMENT (INDIA) LTD.		DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934	CANCELLED CERTIFICATE OF REGISTRATION FROM 25-JUN-2004 ORDERED TO REPAY PUBLIC DEPOSITS FROM 25-JUN-2004 25-JUN-2004
3	MERBANC FINANCIAL SERVICES LTD.		DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934	CANCELLED CERTIFICATE OF REGISTRATION FROM 17-DEC-2002 PROHIBITED FROM ACCEPTING DEPOSITS FROM 17-DEC-2002 PROHIBITED FROM ALIENATING ITS ASSETS FROM 17-DEC-2002 ORDERED TO REPAY PUBLIC DEPOSITS FROM 17-DEC-2002 17-DEC-2002
4	MODEL FINANCIAL CORP.LTD.		DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934	CANCELLED CERTIFICATE OF REGISTRATION FROM 18-JUL-2002 PROHIBITED FROM ACCEPTING DEPOSITS FROM 18-JUL-2002 PROHIBITED FROM ALIENATING ITS ASSETS FROM 18-JUL-2002 ORDERED TO REPAY PUBLIC DEPOSITS FROM 18-JUL-2002 18-JUL-2002
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.