RBI cancels Certificate of Registration of 4 NBFCs
Source :Reserve Bank of India
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following four 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. | Company’s Name | Address of Registered Office | Certificate of Registration No. & Date | Issued on | Date of cancellation |
| 1. | M/s Bhageriya Financial and Capital Services Limited | Ground Floor, C-103, Siddhartha Harani Apartments, Lower Tank Band, Hyderabad-500020, Telangana | B-09.00402 | October 08, 2002 | December 01, 2015 |
| 2. | M/s Kenny Commercial & Investment Pvt. Ltd. | 658 A, Gandhinagar, Jammu-180004 | 11.00030 | September 28, 1998 | October 25, 2015 |
| 3. | M/s BNP Paribas India Holding Pvt. Ltd. | 3/F, Forbes Building, Charanjit Raj Marg, Fort, Mumbai-400001 | N-13.02018 | June 18, 2012 | January 29, 2016 |
| 4. | M/s. Rosemount Financial Services Private Limited | 26 Maker Chamber VI, Nariman Point, Mumbai-400021 | B-13.01425 | November 18, 2000 | February 15, 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.
Ajit Prasad
Assistant Adviser
Press Release : 2015-2016/2124