RBI cancels Certificate of Registration of 4 NBFCs

By | February 8, 2016

Date : Feb 08, 2016

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following four 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. Company’s Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation
1. M/s. Goyal Commercial Pvt. Ltd. C 301 Lake Apartment, 210 Jessore Rd.
Kolkata-700 089
March 07, 1998
November 13, 2015
2. M/s. First Debt Management Co. of India Ltd. Todi Mansion, 5th Floor, P-15, India Exch. Place Ext, Kolkata-700 073 05.03183
July 14, 1999
November 10, 2015
3. M/s. Nostalgia Finvest Private Limited 105A, Fort Foundation, Maharashtra Chamber of Commerce Lane, Kala Ghoda, Mumbai-400039 13.00746
April 20, 1998
November 30, 2015
4. M/s Narad Realtors Private Limited 734/735, Rane Building, Parsi Colony, Road No.4, Dadar, Mumbai-400 014 B-13.01759
March 26, 2004
December 10, 2015

Following the cancellation of registration certificate, 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 : 2015-2016/1865

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