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Cancels registration as NBFC
cannounced that the Reserve Bank of India had issued to the Company a Certificate of Registration dated 30 October 2009 under section 45-IA of the RBI Act, 1934 to carry on the business of a Non-Banking Financial Institution (non-deposit taking).In response to the application made by the Company, to better reflect the nature of business of the Company, RBI vide its Order dated 23 October 2015, received by the Company on 02 November 2015, has accorded its approval for conversion of the Company into a Core Investment Company, not requiring registration with RBI & has accordingly cancelled the Certificate of Registration as NBFC earlier issued to the Company.
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