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Date: 18/07/2017
RBI cancels Certificate of Registration of 8 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following eight 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
Registered Office
Address
CoR No. Issued On Cancellation
Order Date
1 M/s Sehajpal Estates & Finance Pvt. Ltd. Nawanshahar Main Road, VPO – Aur Doaba – 144417 (Punjab) B-06.00300 June 28, 2000 January 23, 2017
2 M/s Dhanwan Leasing and Finance Company Ltd. 107, Harmony Plaza, Agrawal Nagar, Sneh Nagar, Main Road, Indore – 452001 B.03.00050 March 24, 1998 March 27, 2017
3 M/s Esteem Investments Limited 16, Das Lane, Bow Bazar, Kolkata – 700012 B-05.01957 September 21, 2001 March 31, 2017
4 M/s Deesha Tie-up Pvt. Ltd. 119, M. G. Road, 2nd Floor, Kolkata – 700007 B.05.05296 April 12, 2003 April 07, 2017
5 M/s City Commercial Investment Company Private Limited Uripok, Kangchup Road, Imphal – 795001 (Manipur) B.08.00166 July 17, 2003 May 08, 2017
6 M/s VVD Finance and Leasing Limited 90, South Raja Street, Tuticorin – 628001 07.00454 August 16, 2007 May 15, 2017
7 M/s O T G Global Finance Limited Sooryasadhana, 3rd Floor, Unit No. 301, Chandra Nagar Chaurah, A.B Road, Indore – 452001 B.03.00039 March 03, 1998 May 22, 2017
8 M/s Arihant Finvest Limited Ratan Deep Building, Dinesh Goswami Road, A. T. Road, Guwahati – 781001 B.08.00155 June 18, 2001 May 22, 2017

Following the cancellation of registration certificate, 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 : 2017-2018/162

 
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