2 NBFCs surrender their Certificate of Registration to RBI

By | May 3, 2016
(Last Updated On: May 3, 2016)

Date : May 03, 2016

The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration.

Sr. No.Name of the CompanyRegistered Office AddressCoR No.Issued OnCancellation Order Date
1.M/s Jubilant Capital Private Limited1-A, Sector 16-A, Noida, Uttar Pradesh – 201301B.14.00505March 20, 1998March 01, 2016
2.M/s Lexicon Commercial Enterprises Limited84/1A, Topsia Road (South), Kolkata– 700046B-05.03051May 24, 2001March 21, 2016

As such, the above companies cannot transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

Ajit Prasad
Assistant Adviser

Press Release: 2015-2016/2561

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