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Date: 20/06/2018
7 NBFCs surrender their Certificate of Registration to RBI

The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. 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 therefore cancelled their Certificate of Registration.

Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date
1 M/s Lords Steel Industries Limited 10A, Middleton Row, 2nd Floor, Kolkata-700071 14.00255 March 18,1998 April 09, 2018
2 M/s Axon Trading and Manufacturing Co. Ltd. 20, R.N. Mukherjee Road, Kolkata-700001 05.03228 September 10, 1999 April 24, 2018
3 M/s Rasoi Finance Limited (presently known as Looklink Finance Limited) 20, R.N. Mukherjee Road, Kolkata-700001 05.00838 March 11, 1998 April 24, 2018
4 M/s Pallawi Trading and Manufacturing Co. Ltd. 20, R.N. Mukherjee Road, Kolkata-700001 05.03248 October 05,1999 April 27, 2018
5 M/s Surdas Trading and Manufacturing Co. Ltd. 20, R.N. Mukherjee Road, Kolkata-700001 05.2889 September 07, 1998 May 03, 2018
6 M/s Noble Trading Co. Ltd. 20, R.N. Mukherjee Road, Kolkata-700001 05.03280 November 18,1999 May 03, 2018
7 M/s Nariman Point Finance Limited 138-B, Jolly Maker Chambers II, Vinay K Shah Marg, 225, Nariman Point, Mumbai-400021 13.00020 February 18, 1998 May 24, 2018

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 : 2017-2018/3318

 
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