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.

(This article was published in the Business Line print edition dated May 26, 2005)
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