Rejection of application for certificate of registration - ఆర్బిఐ - Reserve Bank of India
53601125
ప్రచురించబడిన తేదీ జూన్ 15, 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 14, 1999, the application for Certificate of Registration submitted by M/s. Madhupala Finance Ltd., having its Registered Office at 203, Ashok Plaza, 2nd Floor, 10-1-126, Masab Tank, Hyderabad-500028.
As such, the company cannot transact the business of a Non-Banking Financial Institution as defined in Clause (a) of Section 45-I of the RBI Act, 1934.
Rupambara Padhi
Manager
Press Release : 1998-99/1562
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