RBI cancelled Certificate of Registration of 22 NBFCs

Mar 30, 2016 09:59 IST

The Reserve Bank of India (RBI) on 29 March 2016 cancelled the certificate of registration of the 22 Non-Banking Financial Companies (NBFCs).

RBI cancelled their certificates of registration by exercising the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

The NBFCs whose certificate of registration were cancelled include

• Kundan Leasing and Finvest Private Limited

• Amazan Capital Limited

• Vuma Maheswara Finvest Limited

• Nawalsons Holdings Private Limited

• Raseera Investments Private Limited

• Surin Investments Private Limited

• M3 Investment Managers Private Limited

• Mascot Commerce Pvt. Ltd.

• Integrity Trading Company Private Limited

• Limtex Impex Private Limited

• Shyamashree Foods Pvt. Ltd.

• Vrindavan Services Private Ltd.

• Nirankar Investments Private Limited

• Dignity Motors Finance Limited

• Credence Securities Private Limited

• International Steel Industries Limited (Formerly Chitalia Infotech (I) Ltd.)

• Trepechy Textile Limited (Formerly Trepechy Finance Limited)

• Akansha Consultancy Services Limited

• Sierra Investments Limited

• Priyam Commercial Enterprises Private Limited

• Bini Commercial Enterprises Private Limited

• RR Securities Limited

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.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Is this article important for exams ? Yes3 People Agreed
Read more Current Affairs on: RBI , Reserve Bank of India Act , Non-banking financial company , NBFC ,

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK