Application for grant of Certificate of Registration rejected

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Published on June 15, 1999

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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 certificates of registration submitted by the undernoted financial companies:

Sr.No.	Name of the Company	Rejected on

1.	Himachal Housing & Fiscal Services Ltd., Neelam Bhawan, Sanjauli, Shimla - 171 006.	14.6.1999

2.	Bachan Leasing & Auto Finance Limited, Diamond Complex, Opp. Bus Stand, Ludhiana - 141 002.	14.6.1999

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.

Rupambara Padhi
Manager
Press Release : 1998-99/1561