Date : Feb 08, 2016
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 | Date of cancellation |
1. | M/s. Goyal Commercial Pvt. Ltd. | C 301 Lake Apartment, 210 Jessore Rd. Kolkata-700 089 | 06.00698 March 07, 1998 | November 13, 2015 |
2. | M/s. First Debt Management Co. of India Ltd. | Todi Mansion, 5th Floor, P-15, India Exch. Place Ext, Kolkata-700 073 | 05.03183 July 14, 1999 | November 10, 2015 |
3. | M/s. Nostalgia Finvest Private Limited | 105A, Fort Foundation, Maharashtra Chamber of Commerce Lane, Kala Ghoda, Mumbai-400039 | 13.00746 April 20, 1998 | November 30, 2015 |
4. | M/s Narad Realtors Private Limited | 734/735, Rane Building, Parsi Colony, Road No.4, Dadar, Mumbai-400 014 | B-13.01759 March 26, 2004 | December 10, 2015 |
Following the cancellation of registration certificate, the above 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 : 2015-2016/1865