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Application for grant of Certificate of Registration rejected

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 grant of a certificate of registration submitted by the undernoted financial companies:

 

Sr.No.

Name of the Company

Rejected on

     

1.

M/s. Arunodaya Savings & Investments (I) Ltd.,
A/9X/14 (SQ), Station Road, Kalyani Nadia 741 235 (WB)

9.11.1998

2.

M/s. Integrated Leasing & Finance (P) Ltd.,
171, Kailash Hills, East of Kailash, New Delhi-110 065

11.11.1998

3.

M/s. Chamandaya Investments Ltd.,
27, Sadhna Enclave, New Delhi-110 017

11.11.1998

 
As such, the above companies cannot transact the business of non-banking financial institutions as defined in Clause (a) of Section 45 I of the Reserve Bank of India Act, 1934.

Alpana Killawala
General Manager

Press Release : 1998-99/624

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