Reserve Bank Cancels Certificate of Registration of Icon Securities India Ltd., Hyderabad - ربی - Reserve Bank of India
Reserve Bank Cancels Certificate of Registration of Icon Securities India Ltd., Hyderabad
The Reserve Bank of India, has on February 11, 2005 cancelled the certificate of registration issued to Icon Securities India Limited, having its registered office at Plot No.S-2, Sivalahari Apartments, Road No.13, Himayatnagar, Hyderabad-500 029 and Behind Telephone Bhavan, New Bus Stand Road, Jagtial, Karimnagar Dist. for carrying on the business of a non-banking financial institution.
Under powers conferred by Section 45IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The business of a non-banking financial institution is defined in clause (a) of Section 45IA of the Reserve Bank of India Act, 1934.
P.V.Sadanandan
Manager
Press Release: 2004-2005/875