SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 21-NOV-2024

NBFC: DELAY IN FINALIZING BALANCE SHEET FOR YEAR ENDING MARCH, 2021 AS THE SAME WAS FINALISED AFTER NEARLY SEVEN MONTHS

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
1	MARGDARSHAK FINANCIAL SERVICES LTD.		FACED CASH FLOW ISSUES AND DEFAULTED IN REPAYMENT OF RS.49.27 CRORE TO ITS LENDERS DID NOT MAINTAIN MINIMUM REGULATORY NET OWNED FUND (NOF) OF RS.5 CRORE AND MINIMUM CAPITAL ADEQUACY RATIO OF 15% STIPULATED FOR NBFC-MFI DELAY IN FINALIZING BALANCE SHEET FOR YEAR ENDING MARCH, 2021 AS THE SAME WAS FINALISED AFTER NEARLY SEVEN MONTHS DELAY IN SUBMISSION OF SUPERVISORY RETURNS NET CUMULATIVE NEGATIVE MISMATCHES IN VARIOUS MATURITY BUCKETS OF 1-30 DAYS MORE THAN PRESCRIBED THRESHOLD LIMITS DID NOT SUBMIT REQUIRED INFORMATION SOUGHT BY BANK AND REFUSED TO CO-OPERATE AND PRODUCE BOOKS OF ACCOUNTS OR OTHER DOCUMENTS DURING ON-SITE INSPECTION	CANCELLED CERTIFICATE OF REGISTRATION 20-AUG-2024
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.