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Date: 09/04/2018
RBI cancels Certificate of Registration of 5 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following five 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. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation
1 M/s Trupti Finance Private Limited 306, Sarthik Complex, Near Fun Republic, Satellite, Ahmedabad-380 015, Gujarat 01.00080 March 09, 1998 March 16, 2018
2 M/s Liza Tie-up Private Limited
(presently known as M/s Torsa Finvest Private Limited)
56, Metcalf Street, 2nd Floor, Room No. 2F, Kolkata-700 012 B-05.03612 April 10, 2003 March 16, 2018
3 M/s Moga Finance Limited 1st Floor, WG-329, Basti Adda Chowk, Jalandhar-144001, Punjab 06.00200 June 06, 2007 March 16, 2018
4 M/s Gujarat Financial and Capital Limited
(presently M/s Gujarat Financial and Capital Private Limited)
604, Sakar III, Income Tax Circle, Ahmedabad-380014, Gujarat 01.00231 May 04, 1998 March 16, 2018
5 M/s Singh Finance Limited 54-D, Nehru Market, Jammu-180012 A-1100042 June 10, 2008 February 27, 2018

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.

Anirudha D. Jadhav
Assistant Manager

Press Release : 2017-2018/2673

 
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