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RBI cancels Certificate of Registration of four 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 four companies.

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date
1 S.R.M. Properties And Finance Company Pvt. Ltd Flat No. 817, 8th Floor, Block - Topaz Urbana Jewels, Off SEZ Road, Sanganer, Jaipur, Rajasthan - 302026 B-10.00178 March 07, 2002 September 01, 2022
2 North East Region Finservices Limited Jim Blessing Home, Ground Floor, Sangaiprou, Mamang Leikai, Airport Road, Imphal, Manipur - 795001 B-08.00177 October 30, 2008 September 09, 2022
3 Sowjenvee Finance Limited 66, 24th Main, 5th Cross, Agara Extn, Agara Post, Sarajpur Road, Bengaluru, Karnataka - 560034 02.00059 March 11, 1998 September 23, 2022
4 Opel Finance Limited Karpura House, S.P. Verma Road, PS. Kotwali, Patna, Bihar – 800001 A-15.00042 February 04, 2002 September 28, 2022

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.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2022-2023/1028

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