Comments
First Leasing Company of India Ltd has postponed the adjourned Annual General Meeting scheduled for August 11, since the Reserve Bank of India is yet to approve the expenses for the AGM. It will be held within 30 days after approval from RBI and payment authorisation from State Bank of India, the company has said in its regulatory filing. The Chennai-headquartered company has been on the lookout for a “suitable entrepreneur” to take over the management and revive the company. Recently, the RBI sent a show-cause notice to the company as to why its certificate of Registration should not be cancelled, pointing out several findings of the special audit by NC Rajagopal & Co and that there has been falsification of accounts of the company’s management.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.