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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 Shubh Leasing Private Limited | SCO 365-366, 2nd Floor, | B-06.00440 | January 23, 2001 | January 09, 2016 |
2. | M/s Global Securities Limited | 15, Janpath Shopping Centre, | 01.00512 | July 30, 2012 | March 03, 2016 |
3. | M/s Amitosa Leasing & Finance Private Limited | 301, Atma Prakash Apartments, | B-13.01461 | January 17, 2001 | March 28, 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-I of the Reserve Bank of India Act, 1934.
Cancellation of NBFC registration bars specified companies from transacting non-banking financial business under RBI authority. The Reserve Bank of India cancelled the certificates of registration of three NBFCs under Section 45-IA(6) of the Reserve Bank of India Act, 1934, thereby revoking their authorization to operate as non-banking financial companies; as a result, the entities are prohibited from transacting NBFC business under clause (a) of Section 45-I of the Act. of Press 'Enter' after typing page number.
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