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REGULATING NON-BANKING

This role is, perhaps, the most unheralded aspect of our activities, yet it remains among the most critical. This includes ensuring credit availability to the productive sectors of the economy, establishing institutions designed to build the country’s financial infrastructure, expanding access to affordable financial services and promoting financial education and literacy.

Press Release


PDF document (189 kb)
Date : Sep 03, 2018
RBI cancels Certificate of Registration of 33 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. Date of CoR Date of cancellation of CoR
1 Ankur Finstock Private Limited 419, Ajanta Sopping Center Ring Road,Surat – 395002 Gujarat B.01.00334 October 09, 2000 July 18, 2018
2 Ashit Leasing and Finance Company Private Limited
(Previously Ashit Leasing and Finance Company Limited)		 C-1, Satellite Apartments Near Jodhpur Cross Road Satellite,Ahmedabad – 380015 Gujarat 01.00508 March 15, 2012 July 18, 2018
3 Avani Lease Finance Limited
(Now Avani Lease Finance Private Limited) 		103, Berry's Plaza 11-A Shreenagar Society Near Shrenik Park Char Rasta Akota, Vadodara – 390020 Gujarat 01.00298 April 22, 1999 July 18, 2018
4 Beckon Leasing and Finance Limited "Billi Patra", 8, Ramkrishna Nagar, Off. Dr. Yagnik Road, Rajkot- 360001,Gujarat B.01.00403 March 08, 2002 July 18, 2018
5 Bipra Investments and Trusts Pvt Ltd Anand-Sojitra Road Vallabh Vidyanagar- 388120, Gujarat 01.00133 March 20, 1998 July 18, 2018
6 Chidanand Investment and Financial Consultancy Limited Chidanand Group, Opp Laxmi Cinema, Dabhan Bhagol, Nadiad- 387001, Gujarat 01.00256 June 09,1998 July 18, 2018
7 Devkishan Investments Pvt Ltd Anand-Sojitra Road, Vallabh Vidyanagar- 388120, Gujarat 01.00161 March 20, 1998 July 18, 2018
8 Essenar Investments Private Limited 201, 2nd Floor, Aniket, CG Road, Navrangpura, Ahmedabad-380009, Gujarat 01.00093 March 11,1998 July 18, 2018
9 Gandhidham Fincap Limited C-20, First Floor, Chawla Chowk, Gandhidham, Gujarat B.01.00420 June 28, 2002 July 18, 2018
10 Ganpat Finvest Services Private Limited Vasudham, 2nd Floor, 2, Sujata Society, Gotri Road, Baroda – 390021,Gujarat B.01.00451 January 07, 2003 July 18, 2018
11 Gautam Infin Limited Lopalee-2, Preetvan Soc., Opp Mansi Flats, Vadodara – 390020, Gujarat 01.00299 May 14, 1999 July 18, 2018
12 Hari-Leela Fiscal Private Limited Shop No. 111, Sunder Park, Plot No. 95, Sector 8, Tagore Road, Gandhidham–370201, Gujarat B.01.00415 May 16, 2002 July 18, 2018
13 Khanjan Finance and Lease Pvt Ltd Khanjan Finance and Leasing Pvt Ltd (as per MCA) 5 6/B, Gitanjali Complex, Opp. Galaxy Cinema, Kalanala, Bhavnagar – 364001, Gujarat 01.00310 August 11, 1999 July 18, 2018
14 Madhu Enterprises Limited C 31, Ravera Entaliya, Nr. Pinakal, Opp. Parsavanath E-Square, Prahlad Nagar, Ahmedabad–380015, Gujarat 01.00041 February 27, 1998 July 18, 2018
15 Madhumalti Capital Private Limited 108, Sarita Complex, Jain Temple Lane, C. G. Road, Navrangpura, Ahmedabad–380009, Gujarat 01.00312 August 23, 1999 July 18, 2018
16 Manan Financial Services Private Limited 3rd Floor, Manan House, Vijay Char Rasta, Navrangpura, Ahmedabad–380009, Gujarat B 01.00333 August 9, 2010 July 18, 2018
17 Maruti Silk Mills Private Limited 641, Ajanta Shopping Centre, Ring Road, Surat– 395002,Gujarat B.01.00375 May 28, 2001 July 18, 2018
18 Mask Investments Limited 601-B, “A” Wing, International Trade Centre, Magura Gate Crossing, Ring Road, Surat – 395002, Gujarat B.01.00473 March 16, 2006 July 18, 2018
19 New Royal Finstock Limited 308, Riddhi Siddhi Complex, Ambawadi Bazar,Nadiad -387001, Gujarat B.01.00409 April 26, 2002 July 18, 2018
20 Nir Finance Limited Vraj 15-A, Suhas Co.Op Hsg. Society, Navrangpura, Ahmedabad– 380009, Gujarat B.01.00372 April 4, 2001 July 18, 2018
21 Omrim Securities Limited 9th Floor, B D Patel House, Naranpura, Ahmedabad– 380013, Gujarat 01.00085 March 9, 1998 July 18, 2018
22 Precious Finance and Capital Ltd Setu Residency, B-Shop No.1,1st Floor, Kenal Road, Sarthana, Jakatnaka, Surat – 395009, Gujarat B.01.00344 October 18, 2000 July 18, 2018
23 Prima Financial Services Limited 4th Floor, 'Shalin' Nehru Bridge Corner ,Ashram Road, Ahmedabad – 380009,Gujarat 01.00086 March 09, 1998 July 18, 2018
24 Pro-leasing and Finance Limited 606, World Trade Centre, Sayajigunj, Vadodara – 390005, Gujarat 01.00219 April 21, 1998 July 18, 2018
25 Saraiya Finance and Trading Private Limited
(Previously known as Vijapur Lease Finance Private Limited)		 2080/81 Anupam Market Ring Road, Surat – 395002, Gujarat 01.00003 October 27, 2005 July 18, 2018
26 Shree Western Capital & Securities Private Limited Plot No 411 Phase - IV GIDC Naroda, Ahmedabad, Gujarat – 382330 01.00177 March 27, 1998 July 18, 2018
27 Todi Motor Finance Pvt. Ltd 102 Shree Shyam Chambers Opp Sub Jail,Surat – 395006, Gujarat 01.00290 February 19, 1999 July 18, 2018
28 Raj Rani Finstock Pvt Ltd
(Presently known as Birchwood Holdings LLP)		 Shop No. 603, Rajhans Bonista, Behind Ram Chowk, Ghod Dod Road, Surat-395007, Gujarat 01.00207 March 31, 1998 July 18, 2018
29 Roselabs Finance Limited 401, Akshat Complex, Nr. Parshwa Complex Bodakdev,Gandhi Nagar Sarkhej Highway, Ahmedabad–380015, Gujarat 01.00190 March 27, 1998 July 18, 2018
30 Sarabhai Holdings Private Limited Opp Jansatta Press,Mirzapur Road,Ahmedabad–380001, Gujarat 01.00055 March 05, 1998 July 18, 2018
31 Satupa Finance Private Limited 2, Panchsheel Society, Nr. Naranpura Rly Crossing, Usmanpura, Ahmedabad,Gujarat – 380013 B.01.00467 May 10, 2004 July 18, 2018
32 The Kamdhenu Finance Company Private Limited
(Previously known as Vidyasagar Fincap Pvt. Ltd.)		 115, Shri Mahavir Cloth Market, Nr. Hirabhai Marg, Diwan Ballubhai Marg, Kankaria Ahmedabad, Gujarat – 380022 01.00524 December 11, 2013 July 18, 2018
33 M.G.S. Finvest Private Limited Maghai Ka Bagheecha, Katni, Madhya Pradesh-483501 B-03.00150 January 30, 2002 July 04, 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 : 2018-2019/538


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