The
Reserve Bank of India has on September 17, 2008 cancelled the certificate of registration
granted to M/s. Black Partridge Holdings Private Limited having its registered
office at 1602, Ambadeep, 14, K.G. Marg, New Delhi-110001 for carrying on the
business of a non-banking financial institution as the company has voluntarily
exited from the business of a non-banking financial institution and has been wound
up. Following cancellation of the registration certificate the company 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: 2008-2009/538 |
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