7 NBFCs surrender their Certificate of Registration to RBI

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Published on June 20, 2018

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7 NBFCs surrender their Certificate of Registration to RBI

The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration.

Sr. No.	Name of the Company	Office Address	CoR No.	Issued On	Cancellation Order Date
1	M/s Lords Steel Industries Limited	10A, Middleton Row, 2nd Floor, Kolkata-700071	14.00255	March 18,1998	April 09, 2018
2	M/s Axon Trading and Manufacturing Co. Ltd.	20, R.N. Mukherjee Road, Kolkata-700001	05.03228	September 10, 1999	April 24, 2018
3	M/s Rasoi Finance Limited (presently known as Looklink Finance Limited)	20, R.N. Mukherjee Road, Kolkata-700001	05.00838	March 11, 1998	April 24, 2018
4	M/s Pallawi Trading and Manufacturing Co. Ltd.	20, R.N. Mukherjee Road, Kolkata-700001	05.03248	October 05,1999	April 27, 2018
5	M/s Surdas Trading and Manufacturing Co. Ltd.	20, R.N. Mukherjee Road, Kolkata-700001	05.2889	September 07, 1998	May 03, 2018
6	M/s Noble Trading Co. Ltd.	20, R.N. Mukherjee Road, Kolkata-700001	05.03280	November 18,1999	May 03, 2018
7	M/s Nariman Point Finance Limited	138-B, Jolly Maker Chambers II, Vinay K Shah Marg, 225, Nariman Point, Mumbai-400021	13.00020	February 18, 1998	May 24, 2018

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 : 2017-2018/3318