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RBI cancels Certificate of Registration of 5 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following 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
Office
Address
CoR No. Issued On Cancellation
Order Date
1. M/s Simco Consultants Private Limited, Lakhami Tower,Vyapaar Vihar,Bilaspur (CG)-495001 B-05.03761 September 30, 2003 June 22, 2016
2. M/s Lunkad Securities Ltd 13-Dr.R.S.Bhandari Marg,Indore (M.P)-452002 B-03.00154 May 11, 2002 July 21, 2016
3. M/s Rajvir Marketing and Investment Private Limited 13-Race Course Road, Indore (M.P)-452002 B-03.00156 May 11, 2002 July 21, 2016
4. M/s Crystal Investments Limited 29,Thilak Street,T.Nagar,Chennai-600017 07.00026 February 26, 1998 August 16, 2016
5. M/s Shri Jaya Investments Agency Limited (formerly known as Arcot Finance & Agency Limited) No.12,Industrial Estate, First Floor, Ekkaduthangal,Chennai-600032 07.00017 September 08, 2010 August 04, 2016

As such, the above 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.

Anirudha D. Jadhav
Assistant Manager

Press Release : 2016-2017/628

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