Date : May 03, 2016
2 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 Registered Office Address CoR No. Issued On Cancellation Order Date
1. M/s Jubilant Capital Private Limited 1-A, Sector 16-A, Noida, Uttar Pradesh – 201301 B.14.00505 March 20, 1998 March 01, 2016
2. M/s Lexicon Commercial Enterprises Limited 84/1A, Topsia Road (South), Kolkata– 700046 B-05.03051 May 24, 2001 March 21, 2016

As such, the above companies cannot 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: 2015-2016/2561