The Reserve Bank of India has on June 05, 2008 cancelled the certificate of registration granted to CEE BEE Investments Private Limited having its registered office at No. 227, 1st Main Road, Chamarajpet, Bangalore-560018 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 the registration certificate, CEE BEE Investments Private 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 a 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.
Ajit Prasad
Manager
Press Release :2007-2008/1648 |
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