Rejection of application for certificate of registration - RBI - Reserve Bank of India
55036672
Published on October 21, 2000
Rejection of application 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 on October 9, 2000 the application for certificate of registration submitted by M/s. First City Finance & Investment Ltd., 63/1, II Main Road, Gandhi Nagar, Adyar, Chennai-600 020, for carrying on the business of a Non-Banking Financial Institution.
As such, the above company 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.
N.L.Rao
Asstt. Manager
Press Release : 2000-2001/607
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