RBI cautions public against investing in unregistered NBFIs
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"Public are hereby cautioned not to deposit money with such unincorporated bodies. Persons depositing money with such bodies would be doing so at their own risk," RBI said in a statement.
The RBI said, "some entity, which seems to be a foreign one, is operating in India" and doing NBFIbusiness -- accepting deposits, without obtaining a Certificate of Registration from RBI.
"The RBI would like to clarify that no company by the name M/s Forex Achievements is registered as a company under the Companies Act 1956," it added.
RBI said the company is misusing the name of RBI by displaying a fake CoR on its website for collecting deposits from the public.
"The public is hereby warned to be cautious in making investments with such entities," RBI added.
Category : RBI | Comments : 0 | Hits : 319
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