Rejection of application for certificate of registration - ಆರ್ಬಿಐ - Reserve Bank of India
55021510
ಪ್ರಕಟಿಸಲಾದ ದಿನಾಂಕ ನವೆಂಬರ್ 27, 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 25, 1998 the application for certificate of registration submitted by the M/s. CIFCO Finance Limited, 208, Regent Chambers, Jamanalal Bajaj Marg, Nariman Point, Mumbai 400 021.
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.
Maureen Shankar
Manager
Press Release:1998-99/696
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