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 S.P. Global Finance and Investment Private Limited (Formerly Latur Finance and Investment Private Limited) | Shop No. 15, City Arcade, Opp. Prakash Traders, Jai Road, Nashik Road, Nashik – 422001 | B-13.01665 | May 21, 2003 | August 05, 2016 | | 2. | M/s Skylark Deposit and Advances Limited | H.No. 1017/1, Field Ganj, Corner House, B-14, Street No. 13, Ludhiana - 141008 | 06.00182 | July 30, 2007 | August 12, 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-IA of the Reserve Bank of India Act, 1934. Ajit Prasad
Assistant Adviser Press Release: 2016-2017/758 | |