Reserve Bank Cancels Certificate of Registration of Bhawani Fincap Private Limited - আৰবিআই - Reserve Bank of India
Reserve Bank Cancels Certificate of Registration of Bhawani Fincap Private Limited
The Reserve Bank of India has on May 14, 2007 cancelled the certificate of registration granted to Bhawani Fincap Private Limited having its registered office at F-16 & 17, Ansal Utility Commercial Complex, Opposite: Jawala Heri Market, Paschim Vihar, New Delhi – 110063 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Bhawani Fincap Private Limited, 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 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 Press Release : 2006-2007/1776 |