Reserve Bank Cancels Certificate of Registration of Sanghamitra Leafin Limited - RBI - Reserve Bank of India
Reserve Bank Cancels Certificate of Registration of Sanghamitra Leafin Limited
The Reserve
Bank of India has on December 15, 2006 cancelled the certificate of registration
granted to Sanghamitra Leafin Limited having its registered office at D.No.27-6-15,
Prakasam Road, Governorpet, Vijayawada - 520002 for carrying on the business
of a non-banking financial institution as the company has opted to exit from
the business of a non-banking financial institution. Following cancellation
of registration certificate, Sanghamitra Leafin Limited, 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 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.
P.V.Sadanandan
Manager
Press Release : 2006-2007/1053
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