Rejection of applications for certificate of registration - ربی - Reserve Bank of India
Rejection of applications 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 the applications for certificate of registration submitted by the following non-banking financial companies:
Name of the Company |
Rejected on |
|
1) |
Zee Mutual Benefits Limited |
May 23, 2002 |
Rashidi Gaus Market, Koharapeer, Bareilly (U.P.) |
||
2) |
Jindal Instalment Supply Co. Pvt. Ltd., Civil Lines, Rampur |
May 21, 2002 |
3) |
Jeevan Sahara Mutual Benefit Ltd., Vikas Nagar, Lucknow |
May 23, 2002 |
As such, the above companies cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India Act, 1934. The companies have also been prohibited from acceptance of deposits under Section 45MB(1) and prohibited from alienation of assets under Section 45 MB(2) of the Reserve Bank of India Act, 1934.
P.V. Sadanandan
Manager
Press Release : 2001-02/1382
Share this page:
بھارت موبائل ایپلی کیشن کے ریزرو بینک کو انسٹال کریں اور تازہ ترین خبروں تک فوری رسائی حاصل کریں!
