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RBI canceled Certificate of Registration of Micro Finance Limited and G.R.Industries & Finance Limited - All About Finance

RBI canceled Certificate of Registration of Micro Finance Limited and G.R.Industries & Finance Limited

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The Reserve Bank of India have cancelled the certificate of registration of the following 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. Company’s Name Address of Registered Office Certificate of Registration 
No. & Date		 Date of cancellation
1. M/s. Micro Finance Limited Annapurna House, Plot No.68(P), Rasulgarh, Bhubaneswar, Odisha-751 010 B-04.00019
September 18, 2012		 July 03, 2014
2. G.R.Industries & Finance Limited 4, Ganesh Chandra Avenue, 6th Floor, Kolkata, West Bengal-700013 08.00102
December 24, 1999		 October 20, 2014

Following the cancellation of registration certificate, the above 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 General Manager

Press Release : 2014-2015/2268

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