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The Reserve Bank of India, has on September
8, 2005 cancelled the certificate of registration granted to Dheva Investments
& Finance (India) Pvt. Limited, having its registered office at 5C, Mookambika
Complex, No.4, Lady Deslkachary Road, Mylapore, Chennai for carrying on the
business of a non-banking financial institution.
Following cancellation of registration certificate,
Dheva Investments & Finance (India) Pvt. 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 institutions is defined in clause (a) of Section 45-I
of the Reserve Bank of India Act, 1934.
P.V.Sadanandan
Manager
Press Release: 2005-2006/346
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