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RBI cancels Certificate of Registration of 3 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following three 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 Registered Office Address CoR No. Issued On Cancellation Order Date
1. M/s Shubh Leasing Private Limited SCO 365-366, 2nd Floor,
Sector 35-B, Chandigarh–160022
B-06.00440 January 23, 2001 January 09, 2016
2. M/s Global Securities Limited 15, Janpath Shopping Centre,
Behind Sahjanand College,
Opp. Azad PO, Ambawadi,
Ahmedabad–380015, Gujarat
01.00512 July 30, 2012 March 03, 2016
3. M/s Amitosa Leasing & Finance Private Limited 301, Atma Prakash Apartments,
Near Shri Ram Talkies,
Ulhasnagar, Thane–421004
B-13.01461 January 17, 2001 March 28, 2016

Following the cancellation of registration certificate, these 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.

Ajit Prasad
Assistant Adviser

Press Release : 2015-2016/2456

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