Reserve Bank Cancels Certificate of Registration of Steel City Holdings Ltd., Visakhapatnam - ربی - Reserve Bank of India
80431322
شائع کیا گیا پر فبراير 02, 2005
Reserve Bank Cancels Certificate of Registration of Steel City Holdings Ltd., Visakhapatnam
The Reserve Bank of India, has on January 27, 2005 cancelled the certificate of registration issued to Steel City Holdings Limited, having its registered office at 49-52-5/4, Santhipuram, Visakhapatnam-503 016 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: 2004-2005/805
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