The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following five 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.
| 1. |
M/s Cygnus Publishers Limited |
21A, Shakespeare Sarani, Kolkata-700017 |
B.05.05850 |
September 12, 2011 |
March 28, 2018 |
| 2. |
M/s Nortel Tracom Private Limited |
371, Adinath Saha Road, Kolkata-700 048 |
B.05.06323 |
April 26, 2004 |
April 04, 2018 |
| 3. |
M/s Rakshit Motor and General Finance Limited |
D-5, Office No. 11, 3rd Floor, Laxmi Nagar, Delhi-110 092 |
A-14.02190 |
May 24, 2011 |
April 23, 2018 |
| 4. |
M/s Deep Motor Finance Limited |
1st Floor, SCO-61, Near Hotel Umed, Opp PIMS Hospital, Cystal Plaza, Chotti Baradari Part-2, Jalandhar-144 001, Punjab |
A-06.00217 |
June 18, 2007 |
June 01, 2018 |
| 5. |
M/s Mansarovar Deposit and Advances Private Limited |
Ambala By Pass Road, Near Speedways Tyres, Transport Nagar, Ludhiana, Punjab |
B.06.00512 |
August 25, 2001 |
June 01, 2018 |
As such, these companies cannot transact the business of 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 : 2017-2018/3322
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