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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 non-banking financial companies:

Sr.No.

Name of the Company

Address of the Registered
Office of the Company

Rejected on

1.

Pacific Pearl Finance & Leasing Ltd.,

901, Rohit House,
3, Tolstoy Marg,
New Delhi-110001.

3.12.1998

2.

Sunrise Securities Ltd.,

No.5, 1st Floor,
Atmaram Mansion,
Scindia House,
Cannaught Place,
New Delhi-110 001

2.12.1998

3.

Shoppers' Investment & Finance
Company Ltd.

119-D, Dr. Radhakrishna Salai,
Chennai-600004.

4.12.1998


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.

 

 

Maureen Shankar
Manager

Press Release : 1998-99/738

 

 

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