Certificate of Registration of M/s. Shine Blue Auto Finance Pvt. Ltd. - Cancelled

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Published on February 09, 2009

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Certificate of Registration of M/s. Shine Blue Auto Finance Pvt. Ltd. - Cancelled

The Reserve Bank of India has on December 15, 2008 cancelled the certificate of registration granted to M/s. Shine Blue Auto Finance Pvt. Ltd. having its registered office at 22-B Guru Nagar, Post Office Model Town, Jalandhar for carrying on the business of a non-banking financial institution as the company has voluntarily exited from the business of a non-banking financial institution. Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution.

Under powers conferred by Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of a non-banking financial company. The business of a non-banking financial institution is defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

G. Raghuraj

General Deputy Manager

Press Release: 2008-2009/1270