The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following four 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 Mumbai Discount Finance Private Limited | 202, Nadiadwala Market, Poddar Road, Malad (East), Mumbai – 400097 | B-13.01391 | September 22, 2000 | April 20, 2015 | | 2 | M/s Sanjay Villa Pvt. Ltd. (Presently M/s BISWA Microfinance Pvt. Ltd.) | Danapali, PO – Budharaja Sambalpur – 768004 (Odisha) | 05.02843 | August 25, 1998 | November 16, 2016 | | 3 | M/s Multani Motor Finance Limited | 1109, Indraprakash Building, 11th Floor, 21, Barakhamba Road, Connaught Place, New Delhi – 110001 | A-14.02610 | November 13, 2002 | February 14, 2017 | | 4 | M/s Jain Sons Marketing and Investment Limited | 933, Crosscut Road, Gandhipuram, Coimbatore – 641012 | B.07.00703 | March 30, 2002 | March 24, 2017 | 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. Shweta Mohile
Assistant Manager Press Release : 2016-2017/2817 | |