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79566465

Reserve Bank Cancels Certificate of Registration of M. G. Kalyan Leafin & Investments Ltd., Hyderabad

The Reserve Bank of India, has on February 2, 2005 cancelled the certificate of registration issued to M. G. Kalyan Leafin & Investments Limited, having its registered office at 3-5-1110/A, Beside Hero Honda Showroom, Narayanaguda, Hyderabad-500 029 for carrying on the business of a non-banking financial institution.

Under powers conferred by Section 45IA 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 45IA of the Reserve Bank of India Act, 1934.

P.V.Sadanandan
Manager

Press Release: 2004-2005/835

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