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.
|Name of the Company||Office Address||CoR No.||Issued On||Cancellation
|1.||M/s Fedder Tieup Private Limited (Presently Savi Media World Limited)||10B, Sikdar Para Street, Kolkata – 700007||B.05.06259||March 15, 2004||June 13, 2016|
|2.||M/s High Seas Traders Private Limited||60/1, Ballygunge Circular Road, 7th Floor, Kolkata – 700019||B-05.03810||December 16, 2000||June 16, 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.
Press Release: 2016-2017/222