NBFCs surrender Certificate of Registration to RBI

By | May 10, 2016
(Last Updated On: May 10, 2016)

7 NBFCs surrender their Certificate of Registration to RBI

Date : May 10, 2016

The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration.

Name of the
Registered Office
CoR No.Issued OnCancellation
Order Date
1.M/s V.H Doshi & Sons Investment Pvt. Ltd.83, Bajaj Bhavan, Nariman Point, Mumbai-400021B.01.00546August 10, 2015April 20, 2016
2.M/s Vinodchandra Doshi Investment Co Private Limited83, Bajaj Bhavan, Nariman Point, Mumbai-400021B.01.00547August 10, 2015April 20, 2016
3.M/s Samarth Doshi Investment Co. Private Limited83, Bajaj Bhavan, Nariman Point, Mumbai-400021B.01.00548August 10, 2015April 20, 2016
4.M/s Echjay Overseas Trades Private Limited83, Bajaj Bhavan, Nariman Point, Mumbai-400021B.01.00549August 10, 2015April 20, 2016
5.M/s Hari Mahavin Investment Private Limited83, Bajaj Bhavan, Nariman Point, Mumbai-400021B.01.00550August 10, 2015April 20, 2016
6.M/s Baroda Industries Private Limited226, Bajaj Bhavan, 2nd Floor, Nariman Point, Mumbai-40002113.00275March 06, 1998March 01, 2016
7.M/s Eureka Finvest Private Ltd.502, 5th Floor, The Chambers, Plot No. 4, 12, 13, Viman Nagar, Lohagaon, Pune-41101413.01295September 09, 1999April 20, 2016

As such, the above companies cannot transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

Ajit Prasad
Assistant Adviser

Press Release : 2015-2016/2626

Category: RBI

About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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