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 Sai Adarsha Finance & Investments India Private Limited (formerly CCKR Investments Private Limited)	7-278-3, 1st Lane, Sujatha Nagar, Near Police Quarters, Ongole, Andhra Pradesh-  523 002	No.B-09.00368 November 26, 2008	August 30, 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 under Section 45-IA(6) prevents the company from transacting NBFC business forthwith. Cancellation of a non-banking financial company's certificate of registration prevents the company from transacting the business of a non-banking financial institution and is exercised under the statutory power to cancel registrations. The notice records the cancellation of M/s Sai Adarsha Finance & Investments India Private Limited's registration, provides its registered office and certificate details, and cites the statutory definition of NBFC business as the operative legal basis for the effect of cancellation.