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Online Beverages Private Ltd

NBFCMumbai, Maharashtra

The RBI action, regulatory basis, and operating impact linked to this entity.

Recorded RBI impact

License cancellation

License cancellation · Fresh imposition

S5

Published by RBI

6 Apr 2010

Case Brief

The Reserve Bank of India cancelled the Certificates of Registration granted to nine companies for carrying on the business of a non-banking financial institution. The action was taken under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The named entities include Gobans Financial Services Limited, Topmark Properties Limited, Uniworth Finlease Ltd., Online Beverages Private Ltd., Nalby Financial Services Pvt. Ltd., Vaghani Finance Ltd., Pragati Bonds & Holdings Ltd., Zuari Crefin Ltd., and PEE IIE Investments Pvt. Ltd. Following the cancellation, these companies cannot transact the business of a non-banking financial institution.

Why RBI Acted

Licensing breach

The Reserve Bank of India cancelled the certificates of registration granted to nine companies under Section 45-IA(6) of the RBI Act, 1934. The cancellation means the companies can no longer transact the business of a non-banking financial institution, as the registration certificate stands withdrawn/cancelled for each named NBFC.

Operating Impact

All nine affected companies are barred from conducting NBFC business going forward. Customers and counterparties should treat their NBFC operations as no longer authorised, effective from the respective cancellation dates stated in the release.

Regulatory Basis

  • Section 45-IA (6) of the Reserve Bank of India Act, 1934
  • clause (a) of Section 45-I of the Reserve Bank of India Act, 1934

Action Facts

Primary Impact
License cancellation
Order Date
26 Feb 1998
Effective From
22 Jan 2010
Entities Affected
9
Entity Role
Bulk Member
Entity Type
NBFC

Related Entities

Entities similar to Online Beverages Private Ltd

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  1. Gobans Financial Services Limited

    NBFC · Mumbai, Maharashtra

    1 shared action

    1 restriction

  2. Nalby Financial Services Pvt. Ltd

    NBFC · Mumbai, Maharashtra

    1 shared action

    1 restriction

  3. PEE IIE Investments Pvt. Ltd

    NBFC · Mumbai, Maharashtra

    1 shared action

    1 restriction

  4. Pragati Bonds & Holdings Ltd

    NBFC · Mumbai, Maharashtra

    1 shared action

    1 restriction

  5. Topmark Properties Limited

    NBFC · Mumbai, Maharashtra

    1 shared action

    1 restriction