RBI cancels Certificate of Registration of 4 NBFCs

By | May 10, 2016
(Last Updated On: May 10, 2016)

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 OnCancellation
Order Date
1.M/s Neelanjali Engineering Private Limited7, Tarachand Dutta Street, 6th Floor, PS-Burrabazar, Kolkata – 700073B.05.05198January 22, 2003February 18, 2016
2.M/s Novoflex Tradecom Private Limited60, Gobindapur Road, Kolkata – 700045B.05.05257August 27, 2003February 18, 2016
3.M/s Guide Investments and Trading Co. Pvt. Ltd.30, Bhupen Chambers, 1st Floor, 9, Dalal Street, Fort, Mumbai – 40002313.00505March 24, 1998April 16, 2016
4.M/s Enol Ventures Private LimitedPramath 20, Sahavas Society, Karve Nagar, Pune – 411052B-13.01611May 10, 2002April 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

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