RBI cancels Certificate of Registration of 3 NBFCs

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RBI cancels Certificate of Registration of 3 NBFCs

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 Escorts Finance Limited	Escorts Corporate Centre, 15/5, Mathura Road, Faridabad - 121003, Haryana	A-14. 01690	May 23, 2000	April 16, 2016
2.	M/s Express Trading & Securities Private Limited	603-604, M R Towers, Line Tank Road, Ranchi – 834001	B-15. 00017	November 18, 1999	May 06, 2016
3.	M/s Jayant Security and Finance Limited	D/107, Rise Tower I, Bhayali Cana Road, Vadodara, Gujarat - 391410	01. 00158	March 20, 1998	May 06, 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-I of the Reserve Bank of India Act, 1934.

Sangeeta Das
Director

Press Release : 2015-2016/2870