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Thursday, May 26, 2005

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Money & Banking - NBFCs


NBFC licence cancelled

Our Bureau

Mumbai , May 25

THE Reserve Bank of India has cancelled the certificate of registration granted to Bhojwani Leasing and Finance Ltd for carrying on the business of a non-banking financial institution, as on April 29, 2005.

Following the cancellation of the registration certificate, the company cannot transact the business of a non-banking financial institution. The company has also been prohibited from acceptance of deposits and prohibited from alienation of assets.

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