RBI cancels Certificate of Registration of 22 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 22 (twenty two) non-banking financial companies (NBFCs) as shown in Annex, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

Following the cancellation of registration certificate, these companies cannot transact the business of a 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: 2015-2016/2281


Annex

List of Cancelled NBFCs (to issue Press Release)

Sr.
No.
Name of the
Company
Registered Office
Address
CoR No. Issued On Cancellation
Order Date
1 M/s Kundan Leasing and Finvest Private Limited 305, Ghatate Chambers, Panchsheel Square, Nagpur-440012 B-13.01398 October 11, 2000 February 05, 2016
2 M/s Amazan Capital Limited Infinity Infotech Park, 2nd floor, Tower-I, Plot A 3, Block GP, Sector – 5, Electronics Complex, Kolkata-700091, West Bengal B.05.05799 March 22, 2011 January 14, 2016
3 M/s Vuma Maheswara Finvest Limited No.23-6-35, Kommuvari Street, Satyanarayana Puram, Vijaywada, Andhra Pradesh – 520011 09.00002 December 01, 1997 February 24, 2016
4 M/s Nawalsons Holdings Private Limited 5, Mango Lane, 3rd Floor, Room No-305, Kolkata-700001 B.05.04164 April 10, 2001 February 05, 2016
5 M/s Raseera Investments Private Limited 1001, Raheja Chambers, 213, Nariman Point, Mumbai – 400021 13.00565 March 31, 1998 February 26, 2016
6 M/s Surin Investments Private Limited 1001, Raheja Chambers, 213, Backbay Reclamation, Nariman Point, Mumbai – 400021 B-13.01467 January 17, 2001 February 26, 2016
7 M/s M3 Investment Managers Private Limited Bilakhia House, Muktanand Marg, Vapi – 396191, Gujarat N.01.00498 June 18, 2010 February 17, 2016
8 M/s Mascot Commerce Pvt. Ltd. 9/12, Lal Bazar Street, Kolkata – 700001 05.02825 August 24, 1998 January 09, 2016
9 M/s Integrity Trading Company Private Limited 409, Tulsiani Chambers, Nariman Point, Mumbai – 400021 13.00061 February 24, 1998 February 29, 2016
10 M/s Limtex Impex Private Limited 53 A, Townshend Road, PS-Bhowanipore, Kolkata – 700025 B.05.05717 November 11, 2003 January 28, 2016
11 M/s Shyamashree Foods Pvt. Ltd. 7, Akrur Dutta Lane, PS-Muchipara, Kolkata-700016 05.01427 April 06, 1998 February 05, 2016
12 M/s Vrindavan Services Private Ltd. Satyagruh Chhavani, Lane No. 21, Bungalow No. 508, Nr. Jodhpur Cross Road, satellite, Ahmedabad – 380015 01.00527 December 27, 2013 November 26, 2015
13 M/s Nirankar Investments Private Limited Kaivanna, 9th Floor, Panchavati, Elisebridge, Ahmedabad – 380006, Gujarat 01.00040 February 27, 1998 March 01, 2016
14 M/s Dignity Motors Finance Limited Jiwan Jyoti Shopping Complex, Mehre Barsar, Hamirpur(H.P.) – 177001 A-06.00251 January 23, 2008 February 12, 2016
15 M/s Credence Securities Private Limited F 12, Sardar Patel CHS Ltd., Patel Baug, Nehru Road, Opp. Adarsh Petrol Pump, Vile Parle (East), Mumbai – 400057 13.00407 March 23, 1998 March 01, 2016
16 M/s International Steel Industries Limited (Formerly Chitalia Infotech (I) Ltd.) 5, 2nd Floor, Ghamot Terrace, S.B. Marg, Dadar (West), Mumbai – 400028 13.00141 February 27, 1998 February 18, 2016
17 M/s Trepechy Textile Limited (Formerly Trepechy Finance Limited) 1501-A, Lake Castle Co-op. Housing Society Ltd., Adi Shankaracharya Marg, Hiranadandani Garden, Powai, Mumbai – 400076 13.00869 May 26, 1998 March 01, 2016
18 Akansha Consultancy Services Limited 705, Galav Chambers, Sayajigunj, Vadodara – 390005 B.01.00338 October 12, 2000 February 11, 2015
19 Sierra Investments Limited 5th Floor, Administration Building, Alembic Ltd., Alembic Road, Gorwa, Vadodara-390003 B.01.00472 August 08, 2005 July 21, 2015
20 Priyam Commercial Enterprises Private Limited Bipin Nivas, Panchvati, Ellisbridge Ahmedabad-380006 01.00147 March 20, 1998 November 10, 2015
21 Bini Commercial Enterprises Private Limited Bipin Nivas, Panchvati Ellisbridge Ahmedabad – 380006 01.00232 May 04, 1998 November 10, 2015
22 R.R.Securities Limited 203, Supath Apartment, Near Vijay Char Rasta, Navrangpura, Ahmedabad – 380009, Gujarat 01.00211 April 06, 1998 February 29, 2016
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