Hyderabad : The Reserve Bank of India has cautioned people against some companies which were operating as non-banking financial institutions and collecting deposits without obtaining a certificate of registration (CoR) from the RBI. S. Durai Rajan, RBI Deputy General Manager, in a statement said that no company or entity by name M/s Forex Achievements was registered as a company under the Companies Act, 1956, which was a pre-requisite for obtaining CoR from the bank. He said that the CoR bearing Reg. No. 07.00410 dated April 7, 2010 displayed by the above company on its website was a fabricated one and not issued by the RBI to it. Before making investments, people should visit the website of the RBI to check whether the companies they were placing deposits with were registered with the Reserve Bank and entitled to hold deposits.
The Hindu
No comments:
Post a Comment