The Reserve Bank of India has on May 18, 2009 cancelled the certificate of registration granted to M/s Hima Finance Company Private Limited, having its registered office at 6-3-788/A/16, Durganagar Colony, Ameerpet, Hyderabad -500016 for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution.
By the powers conferred under 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.
J.D. Desai
Assistant Manager
Press Release : 2009-2010/36 |
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