4 NBFCs surrender their Certificate of Registration to RBI

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Published on May 29, 2018

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4 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	Office Address	CoR No.	Issued On	Cancellation Order Date
1.	M/s Silver Trading and Services Limited	20, R.N. Mukherjee Road, Kolkata-700 001	05.03277	November 18, 1999	April 06, 2018
2.	M/s Lotus Udyog Limited	20, R N, Mukherjee Road, Kolkata-700 001	05.00810	March 11, 1998	April 09, 2018
3.	M/s Kothari Safe Deposits Limited	Kothari Buildings No. 116, Mahatma Gandhi Salai, Nungambakkam, Chennai- 600034	B-07.00384	March 05, 2003	May 07, 2018
4.	M/s Angel Finvest Private Limited	178, Colonel Gurdial Singh Road, Civil Lines, Ludhiana, Punjab	B-06.00250	March 23, 2000	May 16, 2018

As such, the above companies shall not 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 : 2017-2018/3119