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Date: 10/03/2017
RBI cancels Certificate of Registration of 6 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 Numero Uno Finance Ltd. Plot No. 155, Dev Ashish, Ground Floor, Thane (West), Thane - 400604 13.00651 April 07, 1998 January 05, 2015
2 M/s Indo Bonito Multinational Ltd. (Formerly Indo-Castle Multimedia Ltd. / Indo-Castle Finance Ltd.) A 729, TTC Industrial Area, Koparkhairne, Navi Mumbai - 400705 13.00431 March 24, 1998 April 23, 2015
3 M/s Epic Energy Limited (Formerly Fiscal Limited) 304, A Wing, Winsway Complex, Old Police Lane, Opp. Andheri Railway Station, Andheri (East), Mumbai – 400069 13.00724 April 20, 1998 April 28, 2015
4 M/s Birla Shloka Edutech Limited (Formerly Rathi Mercantile Industries Limited) Industry House, 5th Floor, 159, Churchgate Reclamation, Mumbai – 400020 13.00876 May 26, 1998 June 05, 2015
5 M/s Sudarshan Rathi Finance Pvt. Ltd. 203, “B” Wing, Sneh Ganga Building, Shankarsheth Road, Pune – 411037 13.00712 April 20, 1998 May 26, 2016
6 M/s Rishabh Finsec Private Limited Camptee Lines, Near Baba Furniture, G. E. Road, Rajnandgaon - 491441 B.03.00001 January 05, 1998 January 12, 2017

As such, these 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 : 2016-2017/2429

 
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