Rejection of application for certificate of registration - ಆರ್ಬಿಐ - Reserve Bank of India
53585628
ಪ್ರಕಟಿಸಲಾದ ದಿನಾಂಕ ಡಿಸೆಂಬರ್ 29, 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 December 23, 1998 the application for certificate of registration submitted by the M/s. Patla Savings & Investment Pvt. Ltd., Ganj No.2, Bettiah, West Champaran District, 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.
Maureen Shankar
Manager
Press Release:1998-99/847
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