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Date: 10/05/2018
Cancellation of Certificate of Registration of 3 NBFCs

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.

Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date
1. M/s Jagannatha Financial Services Limited Dr. MPM Nivas, II Floor, Door No. 21, Salai Road, Tiruchirappalli-620 003 Tamilnadu N-07.00764 March 30, 2007 April 13, 2018
2. M/s SCF Finance Limited 228, Janakpuri Chowk, Industrial Area-A, Link Road, Ludhiana-141003, Punjab A-06.00135 August 28, 2007 April 23, 2018
3. M/s Mansar Finance Limited 22B/B, Extension 2, Gandhinagar, Jammu-180 004 A-1100044 November 22, 2011 April 23, 2018

As such, the above company shall not 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 : 2017-2018/2956

 
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