The Reserve Bank of India has cancelled the certificate of registration of five non-banking financial companies (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the companies cannot transact the business of non-banking financial institution. The five companies are:
Sr.
No. |
Company's Name |
Address of Registered Office |
Date of
cancellation |
1. |
SKLS Finance Pvt. Ltd. |
4/905, GNT Road, Padianallur, Redhills, Chennai-600052 |
March 28, 2014 |
2. |
B.K.T.Finance Ltd. |
109, Audiappa Naicken Street, Rainbow Plaza, 3rd Floor, Chennai-600079 |
April 3, 2014 |
3. |
K.K.P. Credits Pvt. Ltd. |
88, Salem Road, Namakkal-637001 |
April 9, 2014 |
4. |
M.C.T. Finance Pvt. Ltd. |
202, Anna Salai, Chennai-600002 |
April 9, 2014 |
5. |
Thanjavur Investment Ltd. |
20, Robinson Park Colony, Washermenpet, Chennai-600021 |
April 9, 2014 |
The Reserve Bank can cancel the registration certificate of a non-banking financial company under the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934,. The business of a non-banking financial institution is defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.
S. K. Gaonkar
Assistant Manager
Press Release : 2013-2014/2149 |
|