RBI cancels Certificate of Registration of 3 NBFCs

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Published on October 26, 2016

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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.	Name of the Company	Registered Office Address	CoR No.	Issued On	Cancellation Order Date
1.	M/s Barkha Financiers Limited	105, First Floor, Opposite Police Station, T.P. Nagar, Baghpat Road, Meerut – 250002 (Uttar Pradesh)	A-12.00363	June 12, 2008	August 16, 2016
2.	M/s Barkha Instalments Limited	Bhagawan Mahavir Marg, Railway Road, Baraut – 250611 (Uttar Pradesh)	A-12.00369	July 08, 2008	September 01, 2016
3.	M/s Prachi Chemical and Industries Limited	Halwasiya Mansion, 6/2, Moira Street, Kolkata – 700017	B-05.06550	June 09, 2005	September 20, 2016

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-IA of the Reserve Bank of India Act, 1934.

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/1038