Reserve Bank Cancels Certificate of Registration of Fantasy Securities Private Limited, Kanpur - ಆರ್ಬಿಐ - Reserve Bank of India
Reserve Bank Cancels Certificate of Registration of Fantasy Securities Private Limited, Kanpur
The Reserve Bank of India, has on December 27, 2005 cancelled the certificate of registration granted to Fantasy Securities Private Limited, having its registered office at 13/386 D. Prabhu Rachna, Civil Lines, Kanpur-208001, Uttar Pradesh for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, Fantasy Securities Private Limited, cannot transact the business of a non-banking financial institution.
Under powers conferred by Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The business of a non-banking financial institution is defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.
P.V.Sadanandan
Manager
Press Release: 2005-2006/964