7 NBFCs surrender their Certificate of Registration to RBI

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ਪ੍ਰਕਾਸ਼ਿਤ ਤਾਰੀਖ ਮਈ 15, 2018

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ਪੀਡੀਐਫ ( 163633 )

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 Subhlabh Traders Pvt. Ltd.	211, Megacity Chambers, 1, India Exchange Place, Kolkata, West Bengal-700 001	05.00654	March 05, 1998	March 22, 2018
2.	M/s Sawhney Financiers Jammu Limited (Previously known as M/s Sawhney Financiers Jammu Pvt. Ltd.)	Mani Ram Market, Kanak Mandi, Jammu-180 001	11.00025	November 22, 2011	April 05, 2018
3.	M/s Daksum Finance Limited (Previously known as M/s Daksum Finance Private Limited)	Mani Ram Market, Kanak Mandi, Jammu- 180001	11.00035	March 24, 2008	April 09, 2018
4.	M/s U.P. Electronics Corporation Limited	10, Ashok Marg, Lucknow-226 001, Uttar Pradesh	B.12.00429	December 27, 2002	April 11, 2018
5.	M/s Snam Investments Private Limited	207, Kusal Bazar, 32-33, Nehru Place, New Delhi- 110019	B-14.01925	September 07, 2000	April 13, 2018
6.	M/s Torrent Private Limited	Torrent House, Off Ashram Road, Ahmedabad-380009	B.01.00542	April 22, 2015	April 16, 2018
7.	M/s Brandon & Company Pvt. Ltd.	96, Bajaj Bhawan, 9th Floor, 226, Nariman Point, Mumbai- 400 021	13.00119	February 26, 1998	April 24, 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 : 2017-2018/2997