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Date: 16/09/2016
RBI cancels Certificate of Registration of 2 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
Office
Address
CoR No. Issued On Cancellation
Order Date
1. M/s Chandel Hire Purchase Pvt. Ltd. Hameer Singh Nagar, Unnav Road, Datia (Madhya Pradesh) - 475335 B.06.00435 January 19, 2001 August 05, 2016
2. M/s Golden Future Capital Limited 504-505, 5th Floor, Balaji Tower VI, Durgapura, Tonk Road, Jaipur – 302052 B-10.00089 December 22, 2010 August 05, 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: 2016-2017/689

 
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