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
