RBI cancels Certificate of Registration of 6 NBFCs

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Published on March 10, 2017

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RBI cancels Certificate of Registration of 6 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following non-banking financial companies (NBFCs). The Reserve Bank, 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 Numero Uno Finance Ltd.	Plot No. 155, Dev Ashish, Ground Floor, Thane (West), Thane - 400604	13.00651	April 07, 1998	January 05, 2015
2	M/s Indo Bonito Multinational Ltd. (Formerly Indo-Castle Multimedia Ltd. / Indo-Castle Finance Ltd.)	A 729, TTC Industrial Area, Koparkhairne, Navi Mumbai - 400705	13.00431	March 24, 1998	April 23, 2015
3	M/s Epic Energy Limited (Formerly Fiscal Limited)	304, A Wing, Winsway Complex, Old Police Lane, Opp. Andheri Railway Station, Andheri (East), Mumbai – 400069	13.00724	April 20, 1998	April 28, 2015
4	M/s Birla Shloka Edutech Limited (Formerly Rathi Mercantile Industries Limited)	Industry House, 5th Floor, 159, Churchgate Reclamation, Mumbai – 400020	13.00876	May 26, 1998	June 05, 2015
5	M/s Sudarshan Rathi Finance Pvt. Ltd.	203, “B” Wing, Sneh Ganga Building, Shankarsheth Road, Pune – 411037	13.00712	April 20, 1998	May 26, 2016
6	M/s Rishabh Finsec Private Limited	Camptee Lines, Near Baba Furniture, G. E. Road, Rajnandgaon - 491441	B.03.00001	January 05, 1998	January 12, 2017

As such, 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 : 2016-2017/2429