RBI cancels Certificate of Registration of Four NBFCs

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வெளியிடப்பட்ட தேதி டிசம்பர் 18, 2024

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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 companies.

Sr. No.	Name of the Company	Registered Office Address	CoR No.	CoR Issued On	Cancellation Order Date
1	Marwah Finance Pvt Ltd	B-512, 5th Floor, Wall Fort Ozone Fafad, Raipur, Chhattisgarh - 492001	B-03.00189	October 31, 2017	November 11, 2024
2	PVP Capital Limited	No. 2, 9th Floor, KRM Centre, Harington Road, Chetpet, Chennai, Tamil Nadu – 600031	B-07.00406	May 23, 2002	November 21, 2024
3	Rain Bow Finance India Ltd	RMZ Millenia Business Park, Campus 1A, No. 143, Dr. M.G.R. Road, (North Veeranam Salai), Perungudi, Sholinganallur, Kanchipuram, Saidapet, Chennai, Tamil Nadu – 600096	07.00157	March 11, 1998	November 21, 2024
4	Ram Alloy Castings Private Limited	KB-33, 2nd Floor, Sector-14, Kaushambi, Ghaziabad, Uttar Pradesh - 201010	B-12.00281	December 18, 2000	November 26, 2024

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.

(Puneet Pancholy)
Chief General Manager

Press Release: 2024-2025/1725