RBI cancels Certificate of Registration of 4 NBFCs
Date : May 10, 2016
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
Sr. No. | Name of the Company | Registered Office Address | CoR No. | Issued On | Cancellation Order Date |
1. | M/s Neelanjali Engineering Private Limited | 7, Tarachand Dutta Street, 6th Floor, PS-Burrabazar, Kolkata – 700073 | B.05.05198 | January 22, 2003 | February 18, 2016 |
2. | M/s Novoflex Tradecom Private Limited | 60, Gobindapur Road, Kolkata – 700045 | B.05.05257 | August 27, 2003 | February 18, 2016 |
3. | M/s Guide Investments and Trading Co. Pvt. Ltd. | 30, Bhupen Chambers, 1st Floor, 9, Dalal Street, Fort, Mumbai – 400023 | 13.00505 | March 24, 1998 | April 16, 2016 |
4. | M/s Enol Ventures Private Limited | Pramath 20, Sahavas Society, Karve Nagar, Pune – 411052 | B-13.01611 | May 10, 2002 | April 20, 2016 |
As such, the above 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 : 2015-2016/2625