RBI cancels Certificate of Registration of two NBFCs

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Published on December 13, 2022

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RBI cancels Certificate of Registration of two NBFCs

The Reserve Bank of India (RBI), in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration (CoR) of the following two companies.

Sr. No.	Name of the Company	Registered Office Address	CoR No.	CoR Issued On	Cancellation Order Date
1	Nedumpillil Financial Company Limited	41/3793, IInd Floor, Carmel Centre Building, Banerji Road, Kochi, Kerala- 682018	B-16.00124	September 25, 2002	November 17, 2022
2	Bhagwan Hire Purchase Limited	Station Road, Ujhani, District Budaun, Uttar Pradesh - 243639	B-12.00176	September 12, 2008	November 29, 2022

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.

(Yogesh Dayal)
Chief General Manager

Press Release: 2022-2023/1361