RBI cancels Certificate of Registration of 4 NBFCs

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Published on July 12, 2016

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RBI cancels Certificate of Registration of 4 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following 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 Neelanjali Engineering Private Limited	7, Tarachand Dutta Street, 6th Floor, PS-Burrabazar, Kolkata – 700073	B.05.05198	January 22, 2003	February 18, 2016
2.	M/s Novoflex Tradecom Private Limited	60, Gobindapur Road, Kolkata – 700045	B.05.05257	August 27, 2003	February 18, 2016
3.	M/s Guide Investments and Trading Co. Pvt. Ltd.	30, Bhupen Chambers, 1st Floor, 9, Dalal Street, Fort, Mumbai - 400023	13.00505	March 24, 1998	April 16, 2016
4.	M/s Enol Ventures Private Limited	Pramath 20, Sahavas Society, Karve Nagar, Pune - 411052	B-13.01611	May 10, 2002	April 20, 2016

As such, the above 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 : 2015-2016/2625