RBI cancels Certificate of Registration of Two NBFCs

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ਪ੍ਰਕਾਸ਼ਿਤ ਤਾਰੀਖ ਫ਼ਰਵਰੀ 17, 2020

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RBI cancels Certificate of Registration of Two 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.	Name of the Company	Registered Office address of the Company	CoR No	Date of issue of CoR	Date of Cancellation of CoR
1.	M. L. Singhi & Associates Private Limited	A-7, Main Mahipalpur, New Delhi-110 037	B14.02447	September 07, 2001	December 13, 2019
2.	Stanchart Securities Private Limited	Siddhartha Resorts, Pakhowal Road, Near Omaxe Residency, Ludhiana, Punjab-141 003	B-06.00504	June 28, 2001	December 20, 2019

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: 2019-2020/1964