RBI cancels Certificate of Registration of 7 NBFCs

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ಪ್ರಕಟಿಸಲಾದ ದಿನಾಂಕ ಜುಲೈ 27, 2018

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ಪಿಡಿಎಫ್ ( 163822 )

RBI cancels Certificate of Registration of 7 NBFCs

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 cancelled the Certificate of Registration of the following companies.

Sr. No.	Company's Name	Address of Registered Office	Certificate of Registration No.	Issued On	Date of cancellation
1.	M/s Shree Luxmi Narayan Trexim Private Limited	11, Clive Row, 1st Floor, Room No C Kolkata-700 001	B.05.04172	April 11, 2001	June 13, 2018
2.	M/s Thirdwave Financial Intermediaries Ltd	Unit-601, Ambuja Neotia Ecocentre, EN-4, EN Block, Sector-V, Kolkata, West Bengal-700 091	05.00563	March 03, 1998	June 13, 2018
3.	M/s Vidhyabalaji Finance & Investments Private Limited	31, A, Addis Street, Grey Town, Coimbatore- 641 018 Tamilnadu	B-07.00716	April 19, 2002	June 18, 2018
4.	M/s Sanspareil Finance Limited (previously known as Satyabala Finance Limited)	New No:2 (Old No.15/2) Aranga Nathan Subway Road, Saidapet, Chennai-600 015	B-07.00116	January 04, 2013	June 18, 2018
5.	M/s Nambi Investments & Finance Private Limited	1, First Main Road, Indira Nagar, Chennai-600 020	B-07.00699	March 30, 2002	June 18, 2018
6.	M/s MCM Investments and Finance Limited	1056 C, UR House, II Floor, Avinashi Road Coimbatore-641 018	07.00084	March 06, 1998	June 18, 2018
7.	M/s Ishara Finance & Rural Development Private Limited	B-34/9177, Joshi Nagar, Haibowal Kalan, Ludhiana, Punjab	B-06.00571	June 30, 2009	June 19, 2018

As such, the above companies shall not 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 : 2018-2019/246