RBI cancels Certificate of Registration of 4 NBFCs

By | March 9, 2016
(Last Updated On: March 9, 2016)

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 NameAddress of Registered OfficeCertificate of Registration No. & DateIssued onDate of cancellation
1.M/s Bhageriya Financial and Capital Services LimitedGround Floor, C-103, Siddhartha Harani Apartments, Lower Tank Band, Hyderabad-500020, TelanganaB-09.00402October 08, 2002December 01, 2015
2.M/s Kenny Commercial & Investment Pvt. Ltd.658 A, Gandhinagar, Jammu-18000411.00030September 28, 1998October 25, 2015
3.M/s BNP Paribas India Holding Pvt. Ltd.3/F, Forbes Building, Charanjit Raj Marg, Fort, Mumbai-400001N-13.02018June 18, 2012January 29, 2016
4.M/s. Rosemount Financial Services Private Limited26 Maker Chamber VI, Nariman Point, Mumbai-400021B-13.01425November 18, 2000February 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

Category: RBI Tags:

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

Leave a Reply

Your email address will not be published.