RBI cancels Certificate of Registration of 10 NBFCs

Press Release : 2016-2017/1038

http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=38416

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following three 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 On Cancellation Order Date
1. M/s Barkha Financiers Limited 105, First Floor, Opposite Police Station, T.P. Nagar, Baghpat Road, Meerut – 250002 (Uttar Pradesh) A-12.00363 June 12, 2008 August 16, 2016
2. M/s Barkha Instalments Limited Bhagawan Mahavir Marg, Railway Road, Baraut – 250611 (Uttar Pradesh) A-12.00369 July 08, 2008 September 01, 2016
3. M/s Prachi Chemical and Industries Limited Halwasiya Mansion, 6/2, Moira Street, Kolkata – 700017 B-05.06550 June 09, 2005 September 20, 2016

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-IA of the Reserve Bank of India Act, 1934.

 

Press Release : 2016-2017/1039

Source: http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=38417

 

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 Lipi Finstock Limited P-41, Princip Street, 6th Floor, Kolkata – 700072 (West Bengal) B-14.02406 June 01, 2007 July 22, 2016
2 M/s BVM Finance Private Limited Block No. 457, Village Chhatral, Taluka Kalol, District Mehsana – 382729 (North Guajrat) 01.00082 August 19, 2010 September 27, 2016
3 M/s Anupam Finlease (India) Limited No. 36, SP Complex, II Floor, Walltax Road, Near Tirupali Bus Stand, Chennai – 600078 B-07.00179 March 18, 1998 September 27, 2016
4 M/s Annai Amar Finance Private Limited No. 8, First Floor, Thiruvalluvar Street, Kamaraj Nagar, Pondicherry – 605013 07.00550 June 20, 2007 September 27, 2016
5 M/s LRN Finance Limited Plaza Centre, GN Chetty Road, Shop No. 355 & 357, Chennai – 600034 B-07.00396 March 01, 2012 September 27, 2016
6 M/s Prraneta Industries Limited (Presently known as M/s Aadhaar Ventures India Limited) 4th Floor, Office No. 4019, World Trade Centre, Ring Road, Surat – 390002 (Gujarat) B.01.00465 May 03, 2004 September 27, 2016
7 M/s RFL International Limited 304, Akruti Complex, Near Stadium Six Road Circle, Navrangpura, Ahmedabad – 380009 (Gujarat) 01.00024 May 25, 2009 October 05, 2016
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As such, the above companies cannot transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-IA of the RBI Act, 1934.