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
