Application for grant of Certificate of Registration rejected

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Published on December 04, 1998

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Application for grant of Certificate of Registration rejected

The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the applications for grant of a certificate of registration submitted by the undernoted financial companies:

Sr.No.	Name of the Company	Rejected on
1.	Sri Vikhyat Finance & Leasing Ltd. Shop No.3,4 & 5, Jagadamba Complex Main Road, Manchirial Adilabad (Dis.) Andhra Pradesh	1.12.1998

2.	M/s. Om Samaradhi Leasing & Housing Finance Ltd., 958, Seth Sadan Complex Ruseel Chowk, Napier Town, Jabalpur.(M.P.)	03.12.1998

3.	M/s. Rukmini Leasing Ltd., 317-320, Model House, Punjagutta, Hyderabad-500482	1.12.1998

4.	Gemini Commericial Credits Ltd., Cottage No.4, Bangalore Palace, Bangalore-560 052.	2.12.1998

5.	Kakatiya Finance & Leasing Company Ltd., 1-10-140/1, 'Gurukrupa', Ashok Nagar, Hyderabad.	1.12.1998

As such, the above companies cannot transact the business of non-banking financial institutions as defined in Clause (a) of Section 45 I of the Reserve Bank of India Act, 1934.