RBI cancels Certificate of Registration of 6 NBFCs

By | May 3, 2016
(Last Updated On: May 3, 2016)

Date : May 03, 2016

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following non-banking financial companies (NBFCs). The Reserve Bank, 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 CompanyRegistered Office AddressCoR No.Issued OnCancellation Order Date
1.M/s Gyanijay Tradecomm Private Limited43, Rafi Ahmed Kidwai Road, Kolkata – 700016B.05.03365January 19, 2001February 17, 2016
2.M/s Accurate Tracon Pvt. Ltd.158, Jamunalal Bajaj Street, Keshoram Katra, 3rd Floor, Kolkata – 70000705.00681March 06, 1998February 17, 2016
3.M/s Navneet Vinimay (P) Ltd.Nangi Station Road, Batanagar, Maheshtala, 24 Parganas (S), West Bengal – 74331305.01770April 29, 1998February 17, 2016
4.M/s Rahul Fintrade Private Ltd.41, Shibtolla Street, Kolkata – 70000705.02134May 09, 1998February 18, 2016
5.M/s S.A. Mercantile Commercial (P) Ltd.S A Consultants, Nangi Kusumuddin Road, Batanagar, West Bengal – 74331305.00230February 20, 1998February 18, 2016
6.M/s Brindaban Holdings and Trading Limited403-K, Sion Trombay Road, Chembur, Mumbai – 40007113.00106February 26, 1998March 23, 2016

As such, 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 : 2015-2016/2560

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