RBI cancels Certificate of Registration

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Published on September 14, 2015

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RBI cancels Certificate of Registration

The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

Company's Name	Address of Registered Office	Certificate of Registration No. & Date	Date of cancellation
M/s Sahara India Financial Corporation Ltd.	Sahara India Bhavan, 1, Kapurthala Complex, Lucknow-226024	12.00152 December 03, 1998	September 03, 2015

Following the cancellation of registration certificate, the above company 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: 2015-2016/668

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