The company is having a valid Certificate of Registration dated 26/05/98 issued by the Reserve Bank of India under section 45IA of the Reserve Bank of India Act, 1934.
As per the directions of the Reserve Bank of India, a company must not accept any public deposit unless it has been in operation for a period of 2 years and approaches the bank with the Audited Balance Sheets for 2 years and a credit rating for fixed deposits from one of the recognised credit rating agencies.
This stipulation applies to new companies incorporated on or after Jan 9, 1997.
The date of incorporation of Prime Investrade Limited is 27th of September, 1989.
However, the Reserve Bank of India does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for the repayment of deposits/discharge of liabilities by the company.