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.
|Name of the|
|CoR No.||Issued On||Cancellation|
|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.
Press Release : 2015-2016/2625