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The Reserve Bank of India, has on January
31, 2006 cancelled the certificate of registration granted to Jeba Finance Limited,
having its registered office at 7/60 C, Main Road, Anjugramam, Kanyakumari-629401
for carrying on the business of a non-banking financial institution. Following
cancellation of registration certificate, Jeba Finance 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 : 2005-2006/1023
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