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RBI cancels Certificate of Registration of 3 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following three non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation
1. M/s. Malpani Holdings Private Ltd. 22/2, A.M.Road Kalasipalyam, New Extn, Bengaluru-560002 N-02.00231 October 31, 2008 October 21, 2015
2. M/s. Sachsons Leasing and Finance Private Limited 58/16, Ashok Nagar (Tilak Nagar) New Delhi-110018 14.00365 March 09, 1998 November 02, 2015
3. M/s. Tej Gaurav Finance Limited Tej Gaurav House, 109, Telang Road, Matunga (East), Mumbai-400019 13.00901 May 26, 1998 November 16, 2015

Following the cancellation of registration certificate, these companies cannot transact the business of a non-banking financial institution as laid down under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

Ajit Prasad
Assistant General Manager

Press Release : 2015-2016/1463

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