2 NBFCs surrender their Certificate of Registration to RBI

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Published on May 03, 2016

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2 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	Registered Office Address	CoR No.	Issued On	Cancellation Order Date
1.	M/s Jubilant Capital Private Limited	1-A, Sector 16-A, Noida, Uttar Pradesh - 201301	B.14.00505	March 20, 1998	March 01, 2016
2.	M/s Lexicon Commercial Enterprises Limited	84/1A, Topsia Road (South), Kolkata– 700046	B-05.03051	May 24, 2001	March 21, 2016

As such, the above companies cannot 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: 2015-2016/2561