Recently Reserve Bank of India (RBI) has cancelled Certificate of Registration of 26 NBFCs and now it has cancelled Certificate of Registration of 22 (twenty two) more  non-banking financial companies (NBFCs) as shown in Annex, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

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.


List of Cancelled NBFCs (to issue Press Release)

Name of the
Registered Office
CoR No.Issued OnCancellation
Order Date
1M/s Kundan Leasing and Finvest Private Limited305, Ghatate Chambers, Panchsheel Square, Nagpur-440012B-13.01398October 11, 2000February 05, 2016
2M/s Amazan Capital LimitedInfinity Infotech Park, 2nd floor, Tower-I, Plot A 3, Block GP, Sector – 5, Electronics Complex, Kolkata-700091, West BengalB.05.05799March 22, 2011January 14, 2016
3M/s Vuma Maheswara Finvest LimitedNo.23-6-35, Kommuvari Street, Satyanarayana Puram, Vijaywada, Andhra Pradesh – 52001109.00002December 01, 1997February 24, 2016
4M/s Nawalsons Holdings Private Limited5, Mango Lane, 3rd Floor, Room No-305, Kolkata-700001B.05.04164April 10, 2001February 05, 2016
5M/s Raseera Investments Private Limited1001, Raheja Chambers, 213, Nariman Point, Mumbai – 40002113.00565March 31, 1998February 26, 2016
6M/s Surin Investments Private Limited1001, Raheja Chambers, 213, Backbay Reclamation, Nariman Point, Mumbai – 400021B-13.01467January 17, 2001February 26, 2016
7M/s M3 Investment Managers Private LimitedBilakhia House, Muktanand Marg, Vapi – 396191, GujaratN.01.00498June 18, 2010February 17, 2016
8M/s Mascot Commerce Pvt. Ltd.9/12, Lal Bazar Street, Kolkata – 70000105.02825August 24, 1998January 09, 2016
9M/s Integrity Trading Company Private Limited409, Tulsiani Chambers, Nariman Point, Mumbai – 40002113.00061February 24, 1998February 29, 2016
10M/s Limtex Impex Private Limited53 A, Townshend Road, PS-Bhowanipore, Kolkata – 700025B.05.05717November 11, 2003January 28, 2016
11M/s Shyamashree Foods Pvt. Ltd.7, Akrur Dutta Lane, PS-Muchipara, Kolkata-70001605.01427April 06, 1998February 05, 2016
12M/s Vrindavan Services Private Ltd.Satyagruh Chhavani, Lane No. 21, Bungalow No. 508, Nr. Jodhpur Cross Road, satellite, Ahmedabad – 38001501.00527December 27, 2013November 26, 2015
13M/s Nirankar Investments Private LimitedKaivanna, 9th Floor, Panchavati, Elisebridge, Ahmedabad – 380006, Gujarat01.00040February 27, 1998March 01, 2016
14M/s Dignity Motors Finance LimitedJiwan Jyoti Shopping Complex, Mehre Barsar, Hamirpur(H.P.) – 177001A-06.00251January 23, 2008February 12, 2016
15M/s Credence Securities Private LimitedF 12, Sardar Patel CHS Ltd., Patel Baug, Nehru Road, Opp. Adarsh Petrol Pump, Vile Parle (East), Mumbai – 40005713.00407March 23, 1998March 01, 2016
16M/s International Steel Industries Limited (Formerly Chitalia Infotech (I) Ltd.)5, 2nd Floor, Ghamot Terrace, S.B. Marg, Dadar (West), Mumbai – 40002813.00141February 27, 1998February 18, 2016
17M/s Trepechy Textile Limited (Formerly Trepechy Finance Limited)1501-A, Lake Castle Co-op. Housing Society Ltd., Adi Shankaracharya Marg, Hiranadandani Garden, Powai, Mumbai – 40007613.00869May 26, 1998March 01, 2016
18Akansha Consultancy Services Limited705, Galav Chambers, Sayajigunj, Vadodara – 390005B.01.00338October 12, 2000February 11, 2015
19Sierra Investments Limited5th Floor, Administration Building, Alembic Ltd., Alembic Road, Gorwa, Vadodara-390003B.01.00472August 08, 2005July 21, 2015
20Priyam Commercial Enterprises Private LimitedBipin Nivas, Panchvati, Ellisbridge Ahmedabad-38000601.00147March 20, 1998November 10, 2015
21Bini Commercial Enterprises Private LimitedBipin Nivas, Panchvati Ellisbridge Ahmedabad – 38000601.00232May 04, 1998November 10, 2015
22R.R.Securities Limited203, Supath Apartment, Near Vijay Char Rasta, Navrangpura, Ahmedabad – 380009, Gujarat01.00211April 06, 1998February 29, 2016

Source-RBI Press Release Dated- 29.03.2016

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