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Date: 25/05/2016
RBI cancels Certificate of Registration of 7 NBFCs

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 Registered Office Address CoR No. Issued On Cancellation Order Date
1. M/s Suarabhakti Goods Private Limited 89, N.S. Road, 3rd Floor, R.No – 12, Kolkata - 700001 B.05.04877 April 08, 2003 March 03, 2016
2. M/s Sirmour Holdings Private Ltd. P-15, India Exchange Place (Extn), 2nd Floor, Kolkata, West Bengal - 700073 05.00749 March 09, 1998 March 03, 2016
3. M/s Springfield Vinimay Private Limited 66, Salkia School Road, Howrah, West Bengal – 711106 B.05.05363 January 21, 2003 March 03, 2016
4. M/s Sobell Finance Limited 14-H, 14th Floor, Hansalaya Building, 15 Barakhamba Road, Connaught Place, New Delhi – 110001 14.00459 March 12, 1998 April 06, 2016
5. M/s Swojas Finance Private Limited 830/3, Bhawani Peth, Pune – 411042 13.00772 May 13, 1998 April 14, 2016
6. M/s Zytel Investments Limited 508, 5th Floor, Atma House, Ashram Road, Ahmedabad – 380009, Gujarat 01.00020 February 20, 1998 April 16, 2016
7. M/s Raw Gold Securities Limited C-505, Suryalok Flats, Sorabji Compound, Juna Wadaj, Ashram Road, Ahmedabad – 380013 01.00181 September 03, 2007 May 07, 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 : 2015-2016/2744

 
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