Reserve Bank Cancels Certificate of Registration of Nice India Credit and Finvest Pvt. Ltd., Jhansi - ಆರ್ಬಿಐ - Reserve Bank of India
80434581
ಪ್ರಕಟಿಸಲಾದ ದಿನಾಂಕ ಜೂನ್ 16, 2005
Reserve Bank Cancels Certificate of Registration of Nice India Credit and Finvest Pvt. Ltd., Jhansi
The Reserve Bank of India, has on April 12, 2005 cancelled the certificate of registration issued to Nice India Credit and Finvest Pvt. Ltd., having its registered office at 91/1, Civil Lines, Jhansi, Uttar Pradesh for carrying on the business of a non-banking financial institution.
Under powers conferred by Section 45IA 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 45IA of the Reserve Bank of India Act, 1934.
Ajit Prasad
Manager
Press Release: 2004-2005/1327
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