RBI cancels Certificate of Registration of 6 NBFCs

By | 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 Company Registered Office Address CoR No. Issued On Cancellation Order Date
1. M/s Gyanijay Tradecomm Private Limited 43, Rafi Ahmed Kidwai Road, Kolkata – 700016 B.05.03365 January 19, 2001 February 17, 2016
2. M/s Accurate Tracon Pvt. Ltd. 158, Jamunalal Bajaj Street, Keshoram Katra, 3rd Floor, Kolkata – 700007 05.00681 March 06, 1998 February 17, 2016
3. M/s Navneet Vinimay (P) Ltd. Nangi Station Road, Batanagar, Maheshtala, 24 Parganas (S), West Bengal – 743313 05.01770 April 29, 1998 February 17, 2016
4. M/s Rahul Fintrade Private Ltd. 41, Shibtolla Street, Kolkata – 700007 05.02134 May 09, 1998 February 18, 2016
5. M/s S.A. Mercantile Commercial (P) Ltd. S A Consultants, Nangi Kusumuddin Road, Batanagar, West Bengal – 743313 05.00230 February 20, 1998 February 18, 2016
6. M/s Brindaban Holdings and Trading Limited 403-K, Sion Trombay Road, Chembur, Mumbai – 400071 13.00106 February 26, 1998 March 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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