Kuber Udyog Ltd

Kuber Udyog Ltd

Kuber Udyog Limited was incorporated on November 25 1982 under the Companies Act 1956 in the state of West Bengal India. The Company obtained Certificate of Commencement of Business on December 2 1982. The Company was engaged in the business of Non Banking financial activities and registered with Reserve Bank of India as a NBFC Company. The Company is a financial institution as defined under Section 45-I(c) of the Reserve Bank of India Act 1934 and has obtained a Certificate of Registration from the Reserve Bank of India to carry on the business of non-banking financial institution as required under Section 45-IA of the said Act. However the Reserve Bank of India does not accept any responsibility or guarantee about the present position as to financial soundness of the Company or correctness of any of the statements or representations made or opinions expressed by the Company and for repayment of deposits/ discharge of liabilities by the Company. The paid-up equity capital of the Company has been increased to Rs. 34330000 in the month of December 2014 to meet the minimum net owned fund requirements prescribed by the Reserve Bank of India dated November 10 2014.The Board of Directors at their meeting held on 20th December 2016 have passed a Resolution to surrender the Non Banking Financial Company license (NBFC License) to Reserve Bank of India and made an application to the Kolkata Office of Reserve Bank of India (RBI). TheDirectors of the Company are making efforts to revive the business as the industry is not functioning properly. The Board of Directors from time to time has always considered the proposals for diversification into the areas which would be profitable for the Company.