The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs). Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution.
Sr. No. |
Company's Name |
Address of Registered Office |
Certificate of Registration No. & Date |
Date of cancellation |
1. |
GE Strategic Investments India (GESII) |
Unit No.401 & 402, 4th Floor, Aggarwal Millenium Tower, E-1,2,3, Netaji Subhash Place, Pitampura, New Delhi-110034 |
14.02438 August 20, 2001 |
April 30, 2014 |
2. |
Profound Exports Private Limited |
1/18B, Asaf Ali Road, New Delhi-110002 |
14.00263 March 4, 1998 |
May 28, 2014 |
3. |
Two Brothers Holding Limited |
A-8, 4G BigJo's Tower, Netaji Subhash Place, Wazirpur District Centre, New Delhi-110034 |
14.00335 March 7, 1998 |
June 16, 2014 |
4. |
Swank Services Private Limited |
4-Scindia House, New Delhi-110001 |
05.02793 August 21, 1998 |
June 13, 2014 |
5. |
Praxis Consulting and Information Services Private Limited |
C-101, Rishi Apartments, Alaknanda, New Delhi-110019 |
14.00059 February 24, 1998 |
May 22, 2014 |
6. |
Credible Microfinance Ltd. (formerly known as "Credible Securities & Finance Pvt. Ltd.") |
A-1, Ground Floor, 324, Masjid Moth, South Extension Part-II, New Delhi-110049 |
B-14.00273 December 18, 2002 |
June 2, 2014 |
The Reserve Bank can cancel the registration certificate of a non-banking financial company under the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934. The business of a non-banking financial institution is defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934. Manjula Rattan General Manager Press Release : 2014-2015/202 |