Reserve Bank Cancels Certificate of Registration of SSJ Finance & Securities (P) Limited - ఆర్బిఐ - Reserve Bank of India
Reserve Bank Cancels Certificate of Registration of SSJ Finance & Securities (P) Limited
The Reserve Bank of India has on July 20, 2007 cancelled the certificate of registration granted to SSJ Finance & Securities (P) Limited, having its registered office at 1st Floor, Suryaahal, 5, Burjorji Bharucha Marg, Fort, Mumbai-400023 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 registration certificate, SSJ Finance & Securities (P) 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
Manager
Press Release : 2007-2008/193