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 cancelled the certificate of registration issued
to the following companies for carrying on the business of a Non-Banking Financial
Institution:
|
Name of the Company
|
Cancelled on
|
| 1. Twin Cities Investments &
Finances Limited, SBI
Staff Colony, New Bakaram, Hyderabad-500 080 |
March 2, 2005
|
| 2. Parasnath Fin-Sec Pvt. Ltd.,
78, Jai Jawan Colony, Scheme
No.3, Tonk Road, Jaipur, Rajasthan |
March 4, 2005
|
| 3. Sri Ramalingeshwara Leasing
& Autofin Pvt. Ltd., Door No.5-7-72,
Opposite Congress Office, Prakasham Bazar, Nalgonda-508 001 |
March 2, 2005
|
As such, the above companies
cannot transact the business of a non-banking financial institution as defined
in Clause (a) of Section 45 I of the Reserve Bank of India Act, 1934.
P. V. Sadanandan
Manager
Press Release: 2004-2005/987
|