Certificate of Registration of Real Lines Finance and Investments Limited (Formerly Real Lines Finance and Investments Private Limited) Cancelled - ఆర్బిఐ - Reserve Bank of India
Certificate of Registration of Real Lines Finance and Investments Limited
(Formerly Real Lines Finance and Investments Private Limited) Cancelled
The Reserve Bank of India has on July 7, 2008 cancelled the certificate of registration granted to Real Lines Finance and Investments Limited (Formerly Real Lines Finance and Investments Private Limited) having its registered office at 307, Liberty Plaza, 3-6-365, Basheerbagh, Hyderabad-500029 for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of a non-banking financial institution. Following cancellation of the registration certificate, Real Lines Finance and Investments Limited (Formerly Real Lines Finance and Investments 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 a 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 Press Release :2008-2009/141 |