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 Cygnus Publishers Limited | 21A, Shakespeare Sarani, Kolkata-700017 | B.05.05850 | September 12, 2011 | March 28, 2018 | | 2. | M/s Nortel Tracom Private Limited | 371, Adinath Saha Road, Kolkata-700 048 | B.05.06323 | April 26, 2004 | April 04, 2018 | | 3. | M/s Rakshit Motor and General Finance Limited | D-5, Office No. 11, 3rd Floor, Laxmi Nagar, Delhi-110 092 | A-14.02190 | May 24, 2011 | April 23, 2018 | | 4. | M/s Deep Motor Finance Limited | 1st Floor, SCO-61, Near Hotel Umed, Opp PIMS Hospital, Cystal Plaza, Chotti Baradari Part-2, Jalandhar-144 001, Punjab | A-06.00217 | June 18, 2007 | June 01, 2018 | | 5. | M/s Mansarovar Deposit and Advances Private Limited | Ambala By Pass Road, Near Speedways Tyres, Transport Nagar, Ludhiana, Punjab | B.06.00512 | August 25, 2001 | June 01, 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. Ajit Prasad
Assistant Adviser Press Release : 2017-2018/3322 | |