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Rejection of applications for certificate of registration

The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the applications for certificate of registration submitted by the following non-banking financial companies:

 

Name of the Company

Rejected on

1.

Sree Giri Sangu Finance Ltd.,
17-O, New Idappadi Road, Sankagiri,
Salem Dist.-637 301, Tamilnadu

May 3, 2001

2.

Bethel Intl.Leasing & Financing Services Pvt. Ltd.
16, Gandhi Road, Parvathy Nagar, Mudichur Road,
Chennai-600 063

May 3, 2001

3.

Theni Sri Lakshmi Vishnu finance Pvt. Ltd.
204, Meenakshiammal Lane, Edamal Street,
Theni-625 531

May 3, 2001

4.

Masil Finance pvt Ltd.
191, John Selvaraj Nagar,
Kumbakonam-612 001

May 3, 2001

5.

Sri Agathur Amman Finance Pvt. Ltd. '
The Palace', Zaminuthukuli,
Pollachi Taluk,
Tamilnadu

May 3, 2001

6.

Sri Gurulakshmi Finance Pvt. Ltd.,
83, North Veli Street, 1st Floor, Simmakal,
Madurai-625 001

May 3, 2001

7.

Khariwal Finance pvt. Ltd.,
Khariwal Sthanak', No.5, Arcot Road,
Kodambakkam,
Chennai-600 024.

May 3, 2001

As such, the above company cannot transact the business of Non-Banking Financial Institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India Act, 1934.

P. V. Sadanandan
Asstt. Manager

Press Release : 2000-2001/1506

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