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Date: 11/01/2017
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). 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 Virk Hire Purchase Limited 88, Kapurthala Road, Jalandhar – 144008 (Punjab) A-06.00467 June 08, 2007 November 04, 2016
2 M/s Thakar Investments Limited A-6, Sector-2, New Shimla – 171009 (Himachal Pradesh) A-06.00450 July 16, 2007 November 18, 2016
3 M/s Trackway Securities and Finance Private Limited 24, Commercial Complex, Housing Board Colony, Katni – 483501 (Madhya Pradesh) B-03.00015 February 20, 1998 November 25, 2016
4 M/s Jindal Integrated Lea-Co-Fin Limited (Presently Kashyap Tele-Medicines Limited) 2nd Floor, Pushpawati Building No. 2, Chandanwadi, Girgaon Road, Mumbai – 400002 13.00881 May 26, 1998 November 25, 2016
5 M/s Kolon Investment Private Limited 417-419, ‘Midas’, Sahar Plaza, 4th Floor, Mathurdas Vasanji Road, Andheri (East), Mumbai – 400059 13.00975 August 12, 1998 November 25, 2016
6 M/s Vax Housing Finance Corporation Limited 301, Simandhar Estate, Near Sakar-III, Income Tax, Ahmedabad – 380014 B.01.00402 March 06, 2002 December 09, 2016
7 M/s Ankit Tracom Private Limited 23, Commercial Complex, Housing Board Colony, Katni – 483504 (Madhya Pradesh) B.03.00172 November 26, 2009 December 19, 2016

As such, the above companies cannot transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/1852

 
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