RBI Cancel the registration of 26 NBFC

By | February 23, 2016
(Last Updated On: February 23, 2016)

Date : Feb 22, 2016

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 26 (twenty six) non-banking financial companies (NBFCs) as shown in Annex, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

Following the cancellation of registration certificate, these companies cannot transact the business of a non-banking financial institution as laid down under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

Ajit Prasad
Assistant Adviser

Press Release: 2015-2016/1983


List of cancelled NBFCs

Name of the
Registered Office
CoR No.Issued OnCancellation
Order Date
1.M/s Labh Lease and Finance Ltd104, Shantanu, Sardar Patel Nagar,
Ellisbridge, Ahmedabad-380006, Gujarat
01.00264August 27, 1998November 30, 2015
2.M/s Advantage Finvest Limited402, Shukan Arcade, Near Medisurge Hospital,
Opp. Ashok Chamber, Mithakhali Six Road,
Ahmedabad-380006, Gujarat
01.00501November 10, 2011November 30, 2015
3.M/s Mathura Financial Services LimitedStation Road, Opposite Radhey Shyam Building,
Kashipur, Udham Singh Nagar,
Uttarakhand- 244713
B-12.00039February 26, 1998November 17, 2015
4.M/s Wizard Fincap LimitedC/o Emtici Engineering Ltd., Anand Sojitra Road,
Vallabh Vidyanagar – 388120, Gujarat
01.00072November 25, 1998November 26, 2015
5.M/s M.J.K. Mercantiles Private Limited167, Old China Bazar Street,
2nd Floor, Kolkata-700001
B-05.00947June 06, 2003November 30, 2015
6.M/s Avorik Vyapaar Pvt. Ltd.Room No. 4L & 4M, 4th Floor,
Hastings Chambers,
7C, Kiran Shankar Roy Road,
Kolkata- 700001
05.00474February 27, 1998December 07, 2015
7.M/s Bengani Resources Private Limited
(Formerly known as Mayuri Vinimay Private Limited)
“Asiatic Mansion”, 11 Middleton Row, 1st Floor,
Suit No.7 & 8, Kolkata -700071
B-05.01791September 17, 2004November 30, 2015
8.M/s Bajaj Auto Holdings LimitedMumbai–Pune Road, Akurdi, Pune-411035N-13.00747April 20, 1998December 10, 2015
9.M/s Alpha General Leasing & Finance Private Limited11 Palm Crest, 191/192, St Paul Road,
Bandra West, Mumbai – 400050
13.00634April 07, 1998December 16, 2015
10.M/s Binikom Vyapaar Pvt. Ltd.81, N.S. Road, 2nd Floor,
P.S.- Burrabazar, Kolkata-700001
05.01246March 25, 1998November 30, 2015
11.M/s MIS Consultants Private Limited‘New Asiatic Mansion’, 11, Middleton Row,
1st Floor, Suite No. 7 & 8, Kolkata – 700071
B-05.06100January 20, 2004January 06, 2016
12.M/s S.J.Finance & Consultants Private Limited52, Balaram Dey Street, 2nd Floor,
Kolkata – 700006
B-05.04744February 11, 2003December 28, 2015
13.M/s Ganpati Vincom Private Limited
(Presently, Savi Global Realtors Limited)
207, Maharshi Devendra Road,
Kolkata – 700007
B-05.03872September 24, 2003January 06, 2016
14.M/s Delton Impex (P) Ltd3B, Rup Chandra Roy Street, 1st Floor,
Burrabazar, Kolkata-700007
05.00223February 20, 1998December 04, 2015
15.M/s Abirami Financial Services [India] Limited‘Capital Place’, New No. 16 (Old No.50),
South Boag Road, T-Nagar, Chennai – 600017
B–07.00351June 18, 2003December 07, 2015
16.M/s ITI Capital Markets LimitedCentury Center, 75, T.T.K. Road, Alwarpet,
07.00125March 07, 1998December 07, 2015
17.M/s Breakeven Business Credits Private LimitedAishwarya Complex, 2nd Floor, No. 4,
Duraisamy Road,
T Nagar, Chennai – 600017
B-07.00684February 12, 2002December 16, 2015
18.M/s Pathik Overseas LimitedF-78, Industrial Area, Parbatpura,
Ajmer – 305002, Rajasthan
13.00841May 26, 1998December 21, 2015
19.M/s J.M.B. Commercial & Credit Ltd.Mercantile Building, 2nd Floor, Block E,
9/12 Lal Bazar Street, Kolkata-700001
05.02209May 16,1998December 13, 2015
20.M/s Esjay Estates Ltd.8, Camac Street, Shantiniketan Building,
14th Floor, Kolkata-700017
05.03227September 10, 1999December 13, 2015
21.M/s Cosmat Investment Pvt. Ltd.84, Raja Basant Roy Road,
05.03200August 02, 1999December 09, 2015
22.M/s Pavai Trading Co. Pvt. Ltd.4, Synagogue Street, 9th Floor,
Room No. 913, Lal Bazar, Kolkata-700001
05.00536March 02, 1998December 09, 2015
23.M/s Modern Vintrade Private Limited9/12 Lal Bazar Street, Kolkata,
West Bengal-700001
B-05.05231July 10, 2003December 09, 2015
24.M/s Swadhaar Finserve Private Limited1/3 & 1/4, Old MHB Colony, Anand Nagar,
Nehru Road, Santacruz (E), Mumbai – 400055
N-13.01898May 09, 2008January 21, 2016
25.M/s Punwire Holdings LimitedB-53, Phase VI, SAS Nagar,
Mohali, Punjab
06.00058March 18, 1998November 30, 2015
26.M/s IDFC Finance LimitedThe Capital Court, 6th Floor, Olof Palme Marg,
Munirka, New Delhi-110067
N-14.02342August 18, 2009October 27,2015
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