Reserve Bank Cancels Certificate of Registration of M/s. ACME Investments Limited - আৰবিআই - Reserve Bank of India
Reserve Bank Cancels Certificate of Registration of M/s. ACME Investments Limited
The Reserve Bank of India has on March 28, 2007 cancelled the certificate of registration granted to M/s. ACME Investments Limited having its registered office at C-3, Pankaj Industrial Estate, Kanpur – 208022 for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. ACME Investments 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 :2006-2007/1462 |