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Date: 10/06/2016
RBI cancels Certificate of Registration of 3 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following three 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. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date
1. M/s Escorts Finance Limited Escorts Corporate Centre, 15/5, Mathura Road, Faridabad - 121003, Haryana A-14.
01690		 May 23, 2000 April 16, 2016
2. M/s Express Trading & Securities Private Limited 603-604, M R Towers, Line Tank Road, Ranchi – 834001 B-15.
00017		 November 18, 1999 May 06, 2016
3. M/s Jayant Security and Finance Limited D/107, Rise Tower I, Bhayali Cana Road, Vadodara, Gujarat - 391410 01.
00158		 March 20, 1998 May 06, 2016

Following the cancellation of registration certificate, these 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.

Sangeeta Das
Director

Press Release : 2015-2016/2870
 
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