RBI cancelled Certificate of Registration of 26 NBFCs

Feb 25, 2016 08:24 IST

The Reserve Bank of India (RBI) on 22 February 2016 cancelled the certificate of registration of the 26 non-banking financial companies (NBFCs).

RBI cancelled the certificate of registration of these 26 NBFCs in exercise of the powers conferred on it, under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

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.

The NBFCs whose registration was cancelled includes
• Labh Lease and Finance Ltd
• Advantage Finvest Limited
• Mathura Financial Services Limited
• Wizard Fincap Limited
• M.J.K. Mercantiles Private Limited
• Avorik Vyapaar Private Limited
• Bengani Resources Private Limited (Formerly known as Mayuri Vinimay Private Limited)
• Bajaj Auto Holdings Limited
• Alpha General Leasing & Finance Private Limited
• Binikom Vyapaar Private Limited
• MIS Consultants Private Limited
• S.J. Finance & Consultants Private Limited
• Ganpati Vincom Private Limited (Presently, Savi Global Realtors Limited)
• Delton Impex (P) Ltd
• Abirami Financial Services [India] Limited
• ITI Capital Markets Limited
• Breakeven Business Credits Private Limited
• Pathik Overseas Limited
• J.M.B. Commercial & Credit Limited
• Esjay Estates Limited
• Cosmat Investment Private Limited
• Pavai Trading Co. Private Limited
• Modern Vintrade Private Limited
• Swadhaar Finserve Private Limited
• Punwire Holdings Limited
• IDFC Finance Limited

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