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The Reserve Bank of India, has on August
6, 2005 cancelled the certificate of registration issued to Viswapriya Financial
Services and Securities Limited having its registered office at No.2,
First Main Road, Kasturba Nagar, Aduar. Chennai-600020 for carrying on 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: 2005-2006/225
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