RBI cancels Certificate of Registration of 9 NBFCs

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প্ৰকাশ কৰা তাৰিখ ফেব্ৰুৱাৰী 06, 2017

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RBI cancels Certificate of Registration of 9 NBFCs

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 The Instalment Supply Limited	46, Janpath, New Delhi – 110001	14.01416	December 10, 1998	June 22, 2016
2	M/s Sunshine Finlink Limited	107, Royal Palace Complex, First Floor, G-55, Vikas Marg, Laxmi Nagar, Delhi – 110092	B-14.00148	May 28, 2012	October 10, 2016
3	M/s Link Benefit Fund Limited	17/B, 1st Floor, Palayamkottai Road, Thoothukudi – 628002	07.00372	November 17, 1998	May 03, 2016
4	M/s Mani and Money Limited	New No. 39 (Old No. 19), Bazullah Road, T. Nagar, Chennai – 600017	07.00247	May 04, 1998	May 03, 2016
5	M/s Hanumangarh Finvest Pvt. Ltd.	8, New Grain Market, Hanumangarh – 335512	B-10.00003	July 01, 2008	June 05, 2015
6	M/s Vijaya Finance Ltd.	37/991, 1st Floor, Emmy Square, Sahaodaran Ayyappan Road, Elamkulam, Kochi - 682020	A-16.00075	November 07, 2002	June 08, 2015
7	M/s Westend Management Technologies Pvt. Ltd.	13-Race Course Road, Indore – 452002 (Madhya Pradesh)	B-03.00155	May 11, 2002	June 29, 2016
8	M/s HNM Leasing and Finance Private Limited	S-14, G T B Complex, 231, Chinar House, MP Nagar House, Zone II, Bhopal – 462011 (Madhya Pradesh)	B.03.00160	October 15, 2003	December 23, 2016
9	M/s Paras Hire Purchase Company (India) Private Limited (Presently M/s Paras Hire Purchase Company (India) Limited)	92(B), 2nd Floor, Wahed House, G. S. Road, Ulubari, Dist. Kamrup – 781005 (Guwahati)	B 08.00120	August 04, 2000	January 06, 2017

As such, the above companies cannot transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/2098