Certificate of Registration of Venkataraya Finance Private Limited Cancelled - আরবিআই - Reserve Bank of India
Certificate of Registration of Venkataraya Finance Private Limited Cancelled
The Reserve Bank of India has on August 29, 2012 cancelled the certificate of registration No. B-09.00366 dated July 20, 2001, issued to Venkataraya Finance Private Limited, having its registered office at 12-69-6, Industrial Area Road, Tanuku-534211, West Godavari District, Andhra Pradesh for carrying on the business of a non-banking financial institution as the company has voluntarily exited from carrying on NBFI activities. Following cancellation of the registration certificate the company 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 Press Release: 2012-2013/664 |