AGARTALA, March 6 � Alarmed at the mushrooming of Non-Banking Financial Institutions (NBFIs) in Tripura, the State Government has urged the Reserve Bank of India (RBI) to seek State�s views while clearing license for such business, the Assembly was informed here on Tuesday.
Finance Minister Badal Chowdhury informed the House that altogether 117 NBFIs are active in the State while replying to a written question moved by opposition leader Ratan Lal Nath.
He said, the State Government has limited �power� to monitor their business because NBFIs have been doing business under the Companies Act-1956. However, the State Government has initiated the process to check documents of NBFIs under The Tripura Protection of Interest of Depositors (In Financial Establishment) Amendment Act Rules, 2011, he said adding that the government would act if anything is found wrong as per the Act.
An exclusive wing � Economic Offences Committee has been put in place in CID to look into allegations related to NBFIs. �So far, CID sleuths had undertaken investigation into seven cases and charge sheets have been filed against two NBFIs�, he said.
Chowdhury said, the investigation against four such companies is in full swing in Telimura subdivision where hundreds of small depositors were cheated by NBFIs. �Two companies are likely to face penalty for cheating small depositors�, he said.
Nath, then wanted to know whether the government is aware about disappearance of six companies after collecting around Rs 18.36 crore. But Finance Minister remained silent. However, he made it clear that the RBI doesn�t give permission to any organisation under the Companies Act 1956 to float real estate business, TV channels and parks.