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Date: 31/08/2018
10 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. Welspun Finance Limited
(Presently known as Welspun Tradewel Limited)
Survey No.76, Village Morai, Vapi Valsad, Gujarat-396 191 14.00185 March 04, 1998 June 11, 2018
2. Total Financial Services Limited 8/1A Sir William Jones Sarani, 1st Floor, Suit No.2, Kolkata-700 071, West Bengal 85, Ballygunge Place, Gariahat, Kolkata-700 019, West Bengal B.05.02481 October 22, 2001 June 11, 2018
3. L D R Sales & Services Pvt. Ltd. 8/1, Lal Bazar Street, 1st Floor, Room No.2, Kolkata-700 007, West Bengal 05.01234 March 24, 1998 June 13, 2018
4. Multi-Act Equity Consultancy Private Limited
(Previously known as ICC Investment and Finance Consultants Ltd.)
3rd Floor, Trade Centre, North Main Road, Koregaon Park, Pune 411 001, Maharashtra B-13.00307 March 09, 1998 July 11, 2018
5. Thompsons Investments Private Limited Old No:40, New No:52, School Road, Chetpet, Cehnnai-600 031 B: 07.00689 March 05, 2002 July 17, 2018
6. Y.R. Investments Private Limited 1451, Gobind Nagar, Near Kaka Marriage Place, Ludhiana, Punjab-141 001 06.00095 April 24, 1998 July 20, 2018
7. Chadha Housing And Capital Services (P) Ltd. Inside Ghee Mandi, Amritsar, Punjab-143 001 B-06.00101 April 30, 2004 July 02, 2018
8. CKG Finance Private Limited CKG Building, Koottanand, Ottapalam, Palakkad, Kerala-679 533 B.16.00129 November 17, 2000 July 03, 2018
9. Mahima Auto & Finance Limited 202, Embassy Tower, Janjeerwala Square, 20/1, Race Couse Road, New Palasia, Indore, Madhya Pradesh 03.00077 September 17, 1998 August 07, 2018
10. B.V. Finance and Leasing Limited
(Presently known as B.V. Finance and Leasing Private Limited)
A-979, Indira Nagar, Lucknow, Uttar Pradesh-226 016 B-12.00428 July 08, 2008 August 14, 2018

As such, the above companies 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 : 2018-2019/513

 
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