Reserve Bank Cancels Certificate of Registration of M/s Shri Subhlaxmi Finvest Limited, Surendranagar - ਆਰਬੀਆਈ - Reserve Bank of India
Reserve Bank Cancels Certificate of Registration of M/s Shri Subhlaxmi Finvest Limited, Surendranagar
The Reserve Bank of India, has on October 25, 2004 cancelled the certificate of registration granted to M/s Shri Subhlaxmi Finvest Limited having its registered office at D/1, Yogi Shopping Centre, Main Road, Surendranagar-363001 for carrying on the business of a non-banking financial institution.
Following cancellation of registration certificate, M/s Shri Subhlaxmi Finvest Limited, cannot transact the business of a non-banking financial institution.
Under powers conferred by Section 45-IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The business of a non-banking financial institutions is defined in clause (a) of Section 45IA of the Reserve Bank of India Act, 1934.
P.V.Sadanandan
Manager
Press Release: 2004-2005/455