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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. GNG Financial Services (P) Ltd.,
110, Ansal Chamber II, Bhikaji Cama Place, New Delhi-110 066

24.10.1998

     

2.

M/s. GNG Finance Ltd.,
110, Ansal Chamber II, Bhikaji Cama Place, New Delhi-110 066

26.10.1998

     

3.

Fateh Leasing & Finance (P) Ltd.,
N-1A/5, Kirti Nagar, New Delhi-110 015

27.10.1998

 
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.

 

S. R. Singh
Manager

Press Release : 1998-99/546

 

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