The Reserve Bank of India has on April 13, 2010 cancelled the certificate of registration granted to Unicorn Holdings Private Limited having its registered office at 1st Floor, Agni Block, Salarpuria G.R. Tech Park, Next to ITPL, Whitefield Road, Bangalore - 560 066 for carrying on the business of a non-banking financial institution as the company has opted to exit from the business. Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution.

Under powers conferred by Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of a non-banking financial company. The business of a non-banking financial institution is defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

Ajit Prasad
Manager

Press Release : 2009-2010/1694