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Date: 19/12/2016
RBI cancels Certificate of Registration of 4 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following four 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.

Company's Name Address of Registered Office Certificate of Registration
Issued On Cancellation
Order Date
1 M/s Lakshmi Exim Private Ltd 15th Floor, Infinity Benchmark Plot No. G1, Block EP & GP, Sector-V, Bidhannagar, Salt Lake, Kolkata - 700091 05.01444 April 06, 1998 October 25, 2016
2 M/s Rajrishabh Finance & Investments Private Limited 4C, N.C Dutta Road, 5th Floor, Unit No. 507, Kolkata - 700001 13.00969 August 05, 1998 October 28, 2016
3 M/s Chirag Viniyog & Commercial Private Limited 46/31/1, 4th Floor, Leela Roy Sarani, Kolkata – 700029 05.01523 April 20, 1998 November 18, 2016
4 M/s Aashka Holdings Private Limited (Presently known as M/s Aashka Holdings Limited) 102, 2nd Floor, Marwadi Chawl, 391-D, Badam Wadi, Vallabhbhai Patel Road, Congress House, Girgaon, Mumbai - 400004 13.00867 May 26, 1998 November 21, 2016

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 : 2016-2017/1568

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