The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following two non-banking financial companies (NBFCs) in the 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 The Metropolitan Finance Private Limited
(presently known as The Metropolitan Finance Limited)
|H. No. 22 B/B, Extn. 2, Gandhi Nagar, Jammu- 180 012||B-1100068||January 01, 2002||December 19, 2017|
|2.||M/s Singhland Investments Limited
(previously known as M/s Baba Finance Private Limited)
|208, Syal Complex, Gill Road, Millerganj, Ludhiana-141 003, Punjab||A.06.00227||July 13, 2011||March 16, 2018|
Following the cancellation of the 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.