Rejection of applications for certificates of registration - ആർബിഐ - Reserve Bank of India
Rejection of applications for certificates 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 certificates of registration submitted by the following financial companies:
Name and address of the Company |
Date of rejection of application |
|
1. |
M/s. Baroda Agro Industries Ltd., 3rd Floor, |
5.11.1998 |
2. |
M/s. Anand Credit Limited, 1002, `Hemkoot', |
6.11.1998 |
3. |
M/s. Ganapati Securities Consultancy Pvt. Ltd., |
7.11.1998 |
4. |
M/s. Swarup Leasing Ltd., 1007, |
9.11.1998 |
As such, the above companies cannot transact the business of non-banking financial institutions as defined in Clause (a) of Section 45 of the Reserve Bank of India Act, 1934.
Alpana Killawala |
|
Press Release : 1998-99/606 |