Application for grant of Certificate of Registration rejected - ਆਰਬੀਆਈ - Reserve Bank of India
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 certificates of registration submitted by the undernoted financial companies:
Sr.No. |
Name of the Company |
Rejected on |
1. |
M/s. Madhur Leasing Limited, |
17.12.1998 |
2. |
M/s. Vee Pee Securities Limited, |
17.12.1998 |
3. |
M/s. M.M. Savings & Finance Limited, |
18.12.1998 |
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.
|
Maureen Shankar |
Press Release : 1998-99/810 |
|
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