The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following non-banking financial companies (NBFCs). The Reserve Bank, 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 | Registered Office Address | CoR No. | Issued On | Cancellation Order Date | | 1 | M/s Star Line Leasings Limited | 417-419, ‘Midas’, Sahar Plaza, Mathurdas Vasanji Road, Andheri (East), Mumbai - 400059 | 13.00533 | March 24, 1998 | October 05, 2016 | | 2 | M/s Target Credit and Capital Private Limited | UG-1, B C Johri Palace, 51, M G Road, In front of Globus, Indore - 452001 | B-03.00006 | February 18, 1998 | October 06, 2016 | | 3 | M/s Vishwakarma Strips and Investments Private Limited | Opposite Link Road, Service Station, Link Road, Ludhiana, Punjab | B-06.00034 | March 05, 1998 | October 10, 2016 | | 4 | M/s Purohit Finlease Limited | 360, Mint Street, 2nd Floor, Sowcarpet, Chennai - 600079 | B-07.00593 | March 15, 2001 | October 10, 2016 | | 5 | M/s Royal Moga Hire Purchase Private Limited | G T Road, Moga – 142001 (Punjab) | 06.00139 | August 10, 1998 | October 10, 2016 | | 6 | M/s Oak Finalease Limited (Formerly Eness Finalease Private Limited) | 168, Jaora Compound, Rathi Mansion, Indore - 452001 | B-03.00115 | September 25, 2000 | October 14, 2016 | As such, 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. Anirudha D. Jadhav
Assistant Manager Press Release : 2016-2017/1296 | |