Rejection of applications for certificate of registration - ಆರ್ಬಿಐ - Reserve Bank of India
Rejection of applications 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 the applications for certificate of registration submitted by the following non-banking financial companies:
Name of the Company |
Rejected on |
|
1. |
M/s Team Finance & Leasing Ltd., |
March 30, 2000 |
2. |
M/s. Lakshmi Trade Credits Ltd. |
March 30, 2000 |
As such, the above company cannot transact the business of Non-Banking Financial Institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India Act, 1934.
Ajit Prasad
Manager
Press Release : 1999-2000/1328