Rejection of application for certificate of registration - ਆਰਬੀਆਈ - Reserve Bank of India
55076818
ਪ੍ਰਕਾਸ਼ਿਤ ਤਾਰੀਖ ਜੂਨ 10, 1999
Rejection of application for certificate 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 on June 8, 1999, the application for Certificate of Registration submitted by the financial company, M/s. Standard Economy Ltd., 28/2/1, Old Ballygunge, 2nd Lane, Calcutta-700 019
As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 I of the Reserve Bank of India Act, 1934.
Rupambara Padhi
Manager
Press Release : 1998-99/1542
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