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 certificate of registration submitted by the undernoted non-banking financial companies:
Sr.No. |
Name of the Company |
Address of the Registered Office of the Company |
Rejected on |
1. |
M/s. Midwest Mutual Fund Ltd. |
1-10-73/1, Airport Road, |
7.1.1999 |
|
|
|
|
2. |
M/s. Midwest Hire Purchase Ltd. |
1-10-60/2, Airport Road, |
7.1.1999 |
|
|
|
As such, the above companies cannot transact the business of non-banking financial institutions as defined in Clause (a) of Section 45 I of the Reserve Bank of India Act, 1934.
|
Maureen Shankar |
Press Release : 1998-99/907 |
|
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