Application for grant of Certificate of Registration rejected

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Published on August 19, 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 a certificate of registration submitted by the undernoted financial companies:

Sr.No.	Name of the Company	Rejected on
1.	M/s. Rajendra Finance & Leasing (Private) Ltd., Old Post Office Building, Maya Bazar, Visnagar-384 315.	18.8.1999
2.	M/s. Vindyasara Finance & Savings (I) Pvt. Ltd., 27/A-1251, Gurhatti, Pan Dariba, Mirzapur-231 001 (Uttar Pradesh)	18.8.1999

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.

Chhaya Raje
Manager
Press Release : 1999-2000/254