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Date: 06/02/2017
RBI cancels Certificate of Registration of 9 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 The Instalment Supply Limited 46, Janpath, New Delhi – 110001 14.01416 December 10, 1998 June 22, 2016
2 M/s Sunshine Finlink Limited 107, Royal Palace Complex, First Floor, G-55, Vikas Marg, Laxmi Nagar, Delhi – 110092 B-14.00148 May 28, 2012 October 10, 2016
3 M/s Link Benefit Fund Limited 17/B, 1st Floor, Palayamkottai Road, Thoothukudi – 628002 07.00372 November 17, 1998 May 03, 2016
4 M/s Mani and Money Limited New No. 39 (Old No. 19), Bazullah Road, T. Nagar, Chennai – 600017 07.00247 May 04, 1998 May 03, 2016
5 M/s Hanumangarh Finvest Pvt. Ltd. 8, New Grain Market, Hanumangarh – 335512 B-10.00003 July 01, 2008 June 05, 2015
6 M/s Vijaya Finance Ltd. 37/991, 1st Floor, Emmy Square, Sahaodaran Ayyappan Road, Elamkulam, Kochi - 682020 A-16.00075 November 07, 2002 June 08, 2015
7 M/s Westend Management Technologies Pvt. Ltd. 13-Race Course Road, Indore – 452002 (Madhya Pradesh) B-03.00155 May 11, 2002 June 29, 2016
8 M/s HNM Leasing and Finance Private Limited S-14, G T B Complex, 231, Chinar House, MP Nagar House, Zone II, Bhopal – 462011 (Madhya Pradesh) B.03.00160 October 15, 2003 December 23, 2016
9 M/s Paras Hire Purchase Company (India) Private Limited (Presently M/s Paras Hire Purchase Company (India) Limited) 92(B), 2nd Floor, Wahed House, G. S. Road, Ulubari, Dist. Kamrup – 781005 (Guwahati) B 08.00120 August 04, 2000 January 06, 2017

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 : 2016-2017/2098

 
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