Reserve Bank Cancels Certificate of Registration of Maithri Financial Services Limited - ആർബിഐ - Reserve Bank of India
Reserve Bank Cancels Certificate of Registration of Maithri Financial Services Limited
The Reserve Bank of India has on April 2, 2008 cancelled the certificate of registration granted to Maithri Financial Services Limited, having its registered office at H.No.6-3-661/6, Plot No.12, Sangeeth Nagar, Somajiguda, Hyderabad-500082 for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, Maithri Financial Services Limited, cannot transact the business of a non-banking financial institution. By the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of a 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. G. Raghuraj Press Release :2007-2008/1638 |