Application for grant of Certificate of Registration rejected - ربی - Reserve Bank of India
Application for grant of Certificate of Registration rejected
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 the applications for grant of a certificate of registration submitted by the undernoted financial companies:
Sr.No. |
Name of the Company |
Rejected on |
1. |
M/s. Siddarth Motor Finance Pvt. Ltd., |
13.10.1999 |
2. |
M/s. Damayanti Credit & Financial Services (P) Ltd., |
13.10.1999 |
3. |
M/s. Devesh Trade Credit Pvt. Ltd., |
13.10.1999 |
4. |
M/s. Damania Capital Markets Ltd. |
11.10.1999 |
As such, the above companies cannot transact the business of non-banking financial institution as defined in Clause (a) of Section 45 I of the Reserve Bank of India Act, 1934.
Rupambara Padhi
Manager
Press Release : 1999-2000/522
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