The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following 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. | Sr. No. | Name of the Company | Office Address | CoR No. | Issued On | Cancellation Order Date | | 1. | M/s Sampada Chemicals Limited | Parijat House, 2nd Floor, 1076, Dr. E Moses Road, Worli, Mumbai - 400018 | 13.00362 | March 18, 1998 | March 25, 2016 | | 2. | M/s Saakshi Securities Limited | 209, 2nd Floor, Shri Balaji Heights, Bodyline Cross Road, C.G. Road, Ahmedabad – 380019 | 01.00217 | April 20, 1998 | May 25, 2016 | As such, the above 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: 2015-2016/3021 | |