The Reserve Bank of India has on June 20, 2008 cancelled the certificate of registration granted to M/s Royal Pacific Finance Private Limited, having its registered office at 8 Usha Chamber, 1st floor, 37-38 Central Market, Ashok Vihar, Delhi-110052 for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, M/s Royal Pacific Finance Private Limited, cannot transact the business of a non-banking financial institution.

By the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of a 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
Manager

Press Release : 2008-2009/50