DFL communications investment has been limited from selling or transferring its property as well as transacting in other business actions without prior agreement from the Reserve Bank due to conclusion of the company's books and accounts inspected last year.
In a authoritarian filing to the BSE, the company on Tuesday alleged it be won't be permissible to sell, relocate, create accuse or advance or deal in any manner with its belongings and assets without prior written agreement of Reserve Bank.
"...the RBI has, in public attention and in work out of the powers conferred on it aimed at that until additional orders, DFL Infrastructure Finance Ltd shall not, sell, relocate, create charge or credit or contract in any manner with its assets and assets devoid of prior written authorization of the RBI," the controller said in a let loose in February.
DFL Infrastructure investment said the instruction came from the RBI subsequent the findings of the check up of the books and accounts and other proceedings as on March 31, 2013.
Further, the company has also been precluded to announce or hand out any dividend, handle any business as well as deserve any additional liabilities.
However, RBI did not offer with information of check up that led to exclusive of the company from conducting business behavior.
DFL Infrastructure Finance Limited (DFL), in the past known as Dhandapani investment and reserves Private Limited was created in 1986 and was altered to DFL later on.
It is a Non-Banking economic corporation registered with RBI as Hire acquire and rental Company.
The company is mainly occupied in the business of financing of tractors, manufacture utensils, commercial vehicles and other traveler carrying multi utility vehicles, cars.