Reserve Bank Cancels Certificate of Registration of Minerva Holdings Limited, Noida - আরবিআই - Reserve Bank of India
Reserve Bank Cancels Certificate of Registration of Minerva Holdings Limited, Noida
The Reserve Bank of India, has on September 12, 2005 cancelled the certificate of registration granted to Minerva Holdings Limited, having its registered office at A-34, Sector-14, Noida District Gautam Buddh Nagar, Uttar Prades for carrying on the business of a non-banking financial institution.
Following cancellation of registration certificate, Minerva Holdings 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 institutions is defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.
P.V.Sadanandan
Manager
Press Release: 2005-2006/361