RBI cancels Certificate of Registration of 10 NBFCs
Press Release : 2016-2017/1038
http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=38416
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following three 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. | Name of the Company | Registered Office Address | CoR No. | Issued On | Cancellation Order Date |
| 1. | M/s Barkha Financiers Limited | 105, First Floor, Opposite Police Station, T.P. Nagar, Baghpat Road, Meerut – 250002 (Uttar Pradesh) | A-12.00363 | June 12, 2008 | August 16, 2016 |
| 2. | M/s Barkha Instalments Limited | Bhagawan Mahavir Marg, Railway Road, Baraut – 250611 (Uttar Pradesh) | A-12.00369 | July 08, 2008 | September 01, 2016 |
| 3. | M/s Prachi Chemical and Industries Limited | Halwasiya Mansion, 6/2, Moira Street, Kolkata – 700017 | B-05.06550 | June 09, 2005 | September 20, 2016 |
Following the cancellation of registration certificate, these companies cannot transact the business of a non-banking financial institution as laid down under clause (a) of Section 45-IA of the Reserve Bank of India Act, 1934.
Press Release : 2016-2017/1039
Source: http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=38417
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 Lipi Finstock Limited | P-41, Princip Street, 6th Floor, Kolkata – 700072 (West Bengal) | B-14.02406 | June 01, 2007 | July 22, 2016 |
| 2 | M/s BVM Finance Private Limited | Block No. 457, Village Chhatral, Taluka Kalol, District Mehsana – 382729 (North Guajrat) | 01.00082 | August 19, 2010 | September 27, 2016 |
| 3 | M/s Anupam Finlease (India) Limited | No. 36, SP Complex, II Floor, Walltax Road, Near Tirupali Bus Stand, Chennai – 600078 | B-07.00179 | March 18, 1998 | September 27, 2016 |
| 4 | M/s Annai Amar Finance Private Limited | No. 8, First Floor, Thiruvalluvar Street, Kamaraj Nagar, Pondicherry – 605013 | 07.00550 | June 20, 2007 | September 27, 2016 |
| 5 | M/s LRN Finance Limited | Plaza Centre, GN Chetty Road, Shop No. 355 & 357, Chennai – 600034 | B-07.00396 | March 01, 2012 | September 27, 2016 |
| 6 | M/s Prraneta Industries Limited (Presently known as M/s Aadhaar Ventures India Limited) | 4th Floor, Office No. 4019, World Trade Centre, Ring Road, Surat – 390002 (Gujarat) | B.01.00465 | May 03, 2004 | September 27, 2016 |
| 7 | M/s RFL International Limited | 304, Akruti Complex, Near Stadium Six Road Circle, Navrangpura, Ahmedabad – 380009 (Gujarat) | 01.00024 | May 25, 2009 | October 05, 2016 |
As such, the above companies cannot transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-IA of the RBI Act, 1934.
