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.


Annex

List of Cancelled NBFCs (to issue Press Release)

Sr.
No.
Name of the
Company
Registered Office
Address
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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