Reserve Bank Cancels Certificate of Registration of Vikas Profin Limited, New Delhi - আৰবিআই - Reserve Bank of India
Reserve Bank Cancels Certificate of Registration of Vikas Profin Limited, New Delhi
The Reserve Bank of India has on November 20, 2006 cancelled the certificate of registration granted to Vikas Profin Limited, New Delhi having its registered office at 34/1, Vikas Apartments, East Punjabi Bagh, New Delhi - 110026 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, Vikas Profin 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.
P.V.Sadanandan
Manager
Press Release : 2006-2007/862