Rejection of application for certificate of registration - ಆರ್ಬಿಐ - Reserve Bank of India
55076799
ಪ್ರಕಟಿಸಲಾದ ದಿನಾಂಕ ಜೂನ್ 10, 1999
Rejection of application for certificate of registration
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 on June 8, 1999, the application for Certificate of Registration submitted by the financial company, The Social Welfare Hire Purchase Company Ltd., M.S. Raza Building, Kabirpur, Nathnagar, Bhagalpur (Bihar).
As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I of the Reserve Bank of India Act, 1934.
Rupambara Padhi
Manager
Press Release : 1998-99/1539
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