RBI cancels Certificate of Registration of M/s Rhine & Raavi Credits & Holdings Ltd., New Delhi

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RBI cancels Certificate of Registration of M/s Rhine & Raavi Credits & Holdings Ltd., New Delhi

The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 on supervisory grounds.

Company's Name	Address of Registered Office	CIN No.	Certificate of Registration No. & Date	Date of cancellation
M/s Rhine & Raavi Credits & Holdings Ltd.	179-E, Khirki Village, Ground Floor, Malviya Nagar, New Delhi-110017 (As per Bank’s records)	U74899DL1994PLC059772	B-14.02484 March 25, 2009	September 01, 2014

Following cancellation of registration certificate, the company cannot transact the business of 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 General Manager

Press Release: 2014-2015/1625