The Reserve Bank of India has on May 24, 2007 cancelled the certificate of registration granted to M/s. S & I International Private Limited having its registered office at 303, Namdhari Chambers, 59/4, Desh Bandhu Gupta Road, Karol Bagh, New Delhi – 110005 for carrying on the business of a non-banking financial institution. Following cancellation of registration certificate, M/s. S & I International Private Limited, cannot transact the business of a non-banking financial institution.

Under powers conferred by Section 45-IA (6) 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 institution is defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

Ajit Prasad
Manager

Press Release : 2006-2007/1775