RBI cancels Certificate of Registration of 22 NBFCs
Mar 29, 2016
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 22 (twenty two) non-banking financial companies (NBFCs) as shown in Annex, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
Following the cancellation of registration certificate, 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: 2015-2016/2281
List of Cancelled NBFCs (to issue Press Release)
| Sr. No. | Name of the Company | Registered Office Address | CoR No. | Issued On | Cancellation Order Date |
| 1 | M/s Kundan Leasing and Finvest Private Limited | 305, Ghatate Chambers, Panchsheel Square, Nagpur-440012 | B-13.01398 | October 11, 2000 | February 05, 2016 |
| 2 | M/s Amazan Capital Limited | Infinity Infotech Park, 2nd floor, Tower-I, Plot A 3, Block GP, Sector – 5, Electronics Complex, Kolkata-700091, West Bengal | B.05.05799 | March 22, 2011 | January 14, 2016 |
| 3 | M/s Vuma Maheswara Finvest Limited | No.23-6-35, Kommuvari Street, Satyanarayana Puram, Vijaywada, Andhra Pradesh – 520011 | 09.00002 | December 01, 1997 | February 24, 2016 |
| 4 | M/s Nawalsons Holdings Private Limited | 5, Mango Lane, 3rd Floor, Room No-305, Kolkata-700001 | B.05.04164 | April 10, 2001 | February 05, 2016 |
| 5 | M/s Raseera Investments Private Limited | 1001, Raheja Chambers, 213, Nariman Point, Mumbai – 400021 | 13.00565 | March 31, 1998 | February 26, 2016 |
| 6 | M/s Surin Investments Private Limited | 1001, Raheja Chambers, 213, Backbay Reclamation, Nariman Point, Mumbai – 400021 | B-13.01467 | January 17, 2001 | February 26, 2016 |
| 7 | M/s M3 Investment Managers Private Limited | Bilakhia House, Muktanand Marg, Vapi – 396191, Gujarat | N.01.00498 | June 18, 2010 | February 17, 2016 |
| 8 | M/s Mascot Commerce Pvt. Ltd. | 9/12, Lal Bazar Street, Kolkata – 700001 | 05.02825 | August 24, 1998 | January 09, 2016 |
| 9 | M/s Integrity Trading Company Private Limited | 409, Tulsiani Chambers, Nariman Point, Mumbai – 400021 | 13.00061 | February 24, 1998 | February 29, 2016 |
| 10 | M/s Limtex Impex Private Limited | 53 A, Townshend Road, PS-Bhowanipore, Kolkata – 700025 | B.05.05717 | November 11, 2003 | January 28, 2016 |
| 11 | M/s Shyamashree Foods Pvt. Ltd. | 7, Akrur Dutta Lane, PS-Muchipara, Kolkata-700016 | 05.01427 | April 06, 1998 | February 05, 2016 |
| 12 | M/s Vrindavan Services Private Ltd. | Satyagruh Chhavani, Lane No. 21, Bungalow No. 508, Nr. Jodhpur Cross Road, satellite, Ahmedabad – 380015 | 01.00527 | December 27, 2013 | November 26, 2015 |
| 13 | M/s Nirankar Investments Private Limited | Kaivanna, 9th Floor, Panchavati, Elisebridge, Ahmedabad – 380006, Gujarat | 01.00040 | February 27, 1998 | March 01, 2016 |
| 14 | M/s Dignity Motors Finance Limited | Jiwan Jyoti Shopping Complex, Mehre Barsar, Hamirpur(H.P.) – 177001 | A-06.00251 | January 23, 2008 | February 12, 2016 |
| 15 | M/s Credence Securities Private Limited | F 12, Sardar Patel CHS Ltd., Patel Baug, Nehru Road, Opp. Adarsh Petrol Pump, Vile Parle (East), Mumbai – 400057 | 13.00407 | March 23, 1998 | March 01, 2016 |
| 16 | M/s International Steel Industries Limited (Formerly Chitalia Infotech (I) Ltd.) | 5, 2nd Floor, Ghamot Terrace, S.B. Marg, Dadar (West), Mumbai – 400028 | 13.00141 | February 27, 1998 | February 18, 2016 |
| 17 | M/s Trepechy Textile Limited (Formerly Trepechy Finance Limited) | 1501-A, Lake Castle Co-op. Housing Society Ltd., Adi Shankaracharya Marg, Hiranadandani Garden, Powai, Mumbai – 400076 | 13.00869 | May 26, 1998 | March 01, 2016 |
| 18 | Akansha Consultancy Services Limited | 705, Galav Chambers, Sayajigunj, Vadodara – 390005 | B.01.00338 | October 12, 2000 | February 11, 2015 |
| 19 | Sierra Investments Limited | 5th Floor, Administration Building, Alembic Ltd., Alembic Road, Gorwa, Vadodara-390003 | B.01.00472 | August 08, 2005 | July 21, 2015 |
| 20 | Priyam Commercial Enterprises Private Limited | Bipin Nivas, Panchvati, Ellisbridge Ahmedabad-380006 | 01.00147 | March 20, 1998 | November 10, 2015 |
| 21 | Bini Commercial Enterprises Private Limited | Bipin Nivas, Panchvati Ellisbridge Ahmedabad – 380006 | 01.00232 | May 04, 1998 | November 10, 2015 |
| 22 | R.R.Securities Limited | 203, Supath Apartment, Near Vijay Char Rasta, Navrangpura, Ahmedabad – 380009, Gujarat | 01.00211 | April 06, 1998 | February 29, 2016 |