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RBI cancelled the certificate of registration of Lipi Mercantile Limited - All About Finance

RBI cancelled the certificate of registration of Lipi Mercantile Limited

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The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFC) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

Company’s Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation
Lipi Mercantile Limited 607, 6th floor Sakar-I Near Gandhigram Railway Station, Ashram Road, Ahmedabad-380009 Gujarat No.B.01.00124 
October 13, 1998		 January 09, 2015

Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution as laid down under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

The company has not surrendered the original Certificate of Registration to the Bank. Public is hereby cautioned against the misuse of the Certificate of Registration.

Ajit Prasad
Assistant General Manager

Press Release: 2014-2015/1709

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