RBI cancels Certificate of Registration of 3 NBFCs

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Published on January 04, 2018

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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 Alchemist Holdings Limited (Formerly known as M/s Mahindra Finlease Private Limited)	405, Jyoti Shikhar Tower, Janakpuri District Complex, New Delhi – 110058	B-14.01844	May 02, 2006	October 27, 2017
2	M/s Sukh-Chain Finance Company Limited	Building No. 284, 1st Floor, Behind Sanatan Dharam Mandir, Hospital Road, Lashkar, Gwalior	A-06.00486	October 08, 2007	December 19, 2017
3	M/s Rishab Financial Services Limited	459, Mint Street, Sowcarpet, Chennai-600079	B-07.00361	September 19, 2008	December 19, 2017

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 Adviser

Press Release : 2017-2018/1839