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Date: 25/05/2018
RBI cancels Certificate of Registration of 2 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following two 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. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation
1. M/s Jay Kay Transporters and Financiers (P) Limited Gurduwara Building, Amira Kadal, Srinagar-190 001 B-1100046 May 30, 2001 May 02, 2018
2. M/s Jay Kay Credit & Investment (Private) Limited
(Formerly known as M/s Helpage Credit and Investment Private Ltd)		 Hall No. 103, North Block, Bahu Plaza, Railhead Complex, Jammu- 180 012 B-1100059 November 27, 2001 May 02, 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 : 2017-2018/3089
 
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