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.
Press Release : 2015-2016/2124