The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following three 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. | Name of the Company | Registered Office Address | CoR No. | Issued On | Cancellation Order Date |
1 | M/s Alchemist Holdings Limited (Formerly known as M/s Mahindra Finlease Private Limited) | 405, Jyoti Shikhar Tower, Janakpuri District Complex, New Delhi – 110058 | B-14.01844 | May 02, 2006 | October 27, 2017 |
2 | M/s Sukh-Chain Finance Company Limited | Building No. 284, 1st Floor, Behind Sanatan Dharam Mandir, Hospital Road, Lashkar, Gwalior | A-06.00486 | October 08, 2007 | December 19, 2017 |
3 | M/s Rishab Financial Services Limited | 459, Mint Street, Sowcarpet, Chennai-600079 | B-07.00361 | September 19, 2008 | December 19, 2017 |
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.