Rejection of application for certificate of registration - ಆರ್ಬಿಐ - Reserve Bank of India
55015854
ಪ್ರಕಟಿಸಲಾದ ದಿನಾಂಕ ನವೆಂಬರ್ 20, 1998
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 November 19, 1998, the application for certificate of registration submitted by the financial company M/s. Faldrup Finance Pvt. Ltd., 18, Ramco Apartments, 18th Floor, Khar (West), Mumbai 400 052.
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.
S. R. Singh
Manager
Press Release:1998-99/657
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