RBI cancels Certificate of Registration

Press Releases Marquee

RbiAnnouncementWeb

Asset Publisher

Back

Published on December 24, 2014

LISTEN

PDF ( 181312 )

RBI cancels Certificate of Registration

The Reserve Bank of India 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.	Company's Name	Address of Registered Office	Certificate of Registration No. & Date	Date of cancellation
1.	Kabra Commercial Limited	2, Brabourne Road, Govind Bhawan, 4th Floor, Kolkata-700 001	05.00226 February 20, 1998	November 10, 2014
2.	Lectrodryer Vinimay Private Limited	11, Clive Row, 3rd Floor, Room No.15, Kolkata-700 001	B-05.04491 October 4, 2001	November 17, 2014

Following the cancellation of registration certificate, the 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 General Manager

Press Release : 2014-2015/1320