The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution:

Sr. No.	Company's Name	Address of Registered Office	Certificate of Registration No. & Date	Date of cancellation
1.	M/s HCG Investment & Impex Ltd.	Plot No.95 & 96, E.P.Gandhi Nagar, Jeedimetla, Hyderabad-500037	09.00055 March 3, 1998	April 15, 2014

The Reserve Bank can cancel the registration certificate of a non-banking financial company under the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934. The business of a non-banking financial institution is defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

Ajit Prasad

Assistant General Manager

Cancellation of NBFC registration halts company from conducting non-banking financial business under statutory RBI powers. The Reserve Bank revoked the certificate of registration of M/s HCG Investment & Impex Ltd., prohibiting it from transacting the business of a non-banking financial institution; the cancellation rests on the Reserve Bank's power under Section 45-IA(6) of the Reserve Bank of India Act, 1934, and the business is defined by clause (a) of Section 45-I.