14 Dec 2019 | 4:02 AM

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COMPANYNEWS
RBI cancels NBFC certificate of Microsec Financial
  Sastasundar Ventures Ltd. | 13 Dec 2019 | 04:01 PM
Published on 07-29-2015
Microsec Financial Services Ltd said that the Reserve Bank of India has deregistered the company as a Non-Banking Financial Company (NBFC) following its application for cancellation of NBFC Registration Certificate.


“In response to the application made by the Company for cancellation of NBFC Registration Certificate the Reserve Bank of India has vide its letter dated July 16 2015 informed that the Company has been deregistered as a Non-Banking Financial Company (NBFC) and the Certificate of Registration (CoR) dated November 09 2005 has been cancelled vide cancellation order dated May 21 2015” the company said in a filing to the Bombay Stock Exchange.


RBI has also advised that being a Core Investment Company (CIC) the Company henceforth can function only as CIC.


Meanwhile shares of the company were trading at Rs 114.55 a piece up 1.42 per cent from the previous close at 10:00 hours on BSE.