RBI cancels Certificate of Registration of 26 NBFCs

TG Team 22 Feb 2016 3,311 Views 0 comment Print Fema / RBI | News

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The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 26 (twenty six) 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.

Ajit Prasad
Assistant Adviser

Press Release: 2015-2016/1983

Also Read- RBI cancels Certificate of Registration of 22 more NBFCs

Annex

List of cancelled NBFCs

Sr. No.	Name of the Company	Registered Office Address	CoR No.	Issued On	Cancellation Order Date
1.	M/s Labh Lease and Finance Ltd	104, Shantanu, Sardar Patel Nagar, Ellisbridge, Ahmedabad-380006, Gujarat	01.00264	August 27, 1998	November 30, 2015
2.	M/s Advantage Finvest Limited	402, Shukan Arcade, Near Medisurge Hospital, Opp. Ashok Chamber, Mithakhali Six Road, Ahmedabad-380006, Gujarat	01.00501	November 10, 2011	November 30, 2015
3.	M/s Mathura Financial Services Limited	Station Road, Opposite Radhey Shyam Building, Kashipur, Udham Singh Nagar, Uttarakhand- 244713	B-12.00039	February 26, 1998	November 17, 2015
4.	M/s Wizard Fincap Limited	C/o Emtici Engineering Ltd., Anand Sojitra Road, Vallabh Vidyanagar – 388120, Gujarat	01.00072	November 25, 1998	November 26, 2015
5.	M/s M.J.K. Mercantiles Private Limited	167, Old China Bazar Street, 2nd Floor, Kolkata-700001	B-05.00947	June 06, 2003	November 30, 2015
6.	M/s Avorik Vyapaar Pvt. Ltd.	Room No. 4L & 4M, 4th Floor, Hastings Chambers, 7C, Kiran Shankar Roy Road, Kolkata- 700001	05.00474	February 27, 1998	December 07, 2015
7.	M/s Bengani Resources Private Limited (Formerly known as Mayuri Vinimay Private Limited)	“Asiatic Mansion”, 11 Middleton Row, 1st Floor, Suit No.7 & 8, Kolkata -700071	B-05.01791	September 17, 2004	November 30, 2015
8.	M/s Bajaj Auto Holdings Limited	Mumbai–Pune Road, Akurdi, Pune-411035	N-13.00747	April 20, 1998	December 10, 2015
9.	M/s Alpha General Leasing & Finance Private Limited	11 Palm Crest, 191/192, St Paul Road, Bandra West, Mumbai – 400050	13.00634	April 07, 1998	December 16, 2015
10.	M/s Binikom Vyapaar Pvt. Ltd.	81, N.S. Road, 2nd Floor, P.S.- Burrabazar, Kolkata-700001	05.01246	March 25, 1998	November 30, 2015
11.	M/s MIS Consultants Private Limited	‘New Asiatic Mansion’, 11, Middleton Row, 1st Floor, Suite No. 7 & 8, Kolkata – 700071	B-05.06100	January 20, 2004	January 06, 2016
12.	M/s S.J.Finance & Consultants Private Limited	52, Balaram Dey Street, 2nd Floor, Kolkata – 700006	B-05.04744	February 11, 2003	December 28, 2015
13.	M/s Ganpati Vincom Private Limited (Presently, Savi Global Realtors Limited)	207, Maharshi Devendra Road, Kolkata – 700007	B-05.03872	September 24, 2003	January 06, 2016
14.	M/s Delton Impex (P) Ltd	3B, Rup Chandra Roy Street, 1st Floor, Burrabazar, Kolkata-700007	05.00223	February 20, 1998	December 04, 2015
15.	M/s Abirami Financial Services [India] Limited	‘Capital Place’, New No. 16 (Old No.50), South Boag Road, T-Nagar, Chennai – 600017	B–07.00351	June 18, 2003	December 07, 2015
16.	M/s ITI Capital Markets Limited	Century Center, 75, T.T.K. Road, Alwarpet, Chennai-600018	07.00125	March 07, 1998	December 07, 2015
17.	M/s Breakeven Business Credits Private Limited	Aishwarya Complex, 2nd Floor, No. 4, Duraisamy Road, T Nagar, Chennai – 600017	B-07.00684	February 12, 2002	December 16, 2015
18.	M/s Pathik Overseas Limited	F-78, Industrial Area, Parbatpura, Ajmer – 305002, Rajasthan	13.00841	May 26, 1998	December 21, 2015
19.	M/s J.M.B. Commercial & Credit Ltd.	Mercantile Building, 2nd Floor, Block E, 9/12 Lal Bazar Street, Kolkata-700001	05.02209	May 16,1998	December 13, 2015
20.	M/s Esjay Estates Ltd.	8, Camac Street, Shantiniketan Building, 14th Floor, Kolkata-700017	05.03227	September 10, 1999	December 13, 2015
21.	M/s Cosmat Investment Pvt. Ltd.	84, Raja Basant Roy Road, Kolkata-700029	05.03200	August 02, 1999	December 09, 2015
22.	M/s Pavai Trading Co. Pvt. Ltd.	4, Synagogue Street, 9th Floor, Room No. 913, Lal Bazar, Kolkata-700001	05.00536	March 02, 1998	December 09, 2015
23.	M/s Modern Vintrade Private Limited	9/12 Lal Bazar Street, Kolkata, West Bengal-700001	B-05.05231	July 10, 2003	December 09, 2015
24.	M/s Swadhaar Finserve Private Limited	1/3 & 1/4, Old MHB Colony, Anand Nagar, Nehru Road, Santacruz (E), Mumbai – 400055	N-13.01898	May 09, 2008	January 21, 2016
25.	M/s Punwire Holdings Limited	B-53, Phase VI, SAS Nagar, Mohali, Punjab	06.00058	March 18, 1998	November 30, 2015
26.	M/s IDFC Finance Limited	The Capital Court, 6th Floor, Olof Palme Marg, Munirka, New Delhi-110067	N-14.02342	August 18, 2009	October 27, 2015