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RBI cancelled the certificate of registration of two NBFCs - All About Finance

RBI cancelled the certificate of registration of two NBFCs

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The Reserve Bank of India has 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.

Kabra Commercial Limited

2, Brabourne Road, Govind Bhawan, 4th Floor, Kolkata-700 001

05.00226
February 20, 1998

November 10, 2014

2.

Lectrodryer Vinimay Private Limited

11, Clive Row, 3rd Floor, Room No.15, Kolkata-700 001

B-05.04491
October 4, 2001

November 17, 2014

Following the cancellation of registration certificate, the 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 : 2014-2015/1320

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