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 Barkha Financiers Limited | 105, First Floor, Opposite Police Station, T.P. Nagar, Baghpat Road, Meerut – 250002 (Uttar Pradesh) | A-12.00363 | June 12, 2008 | August 16, 2016 | | 2. | M/s Barkha Instalments Limited | Bhagawan Mahavir Marg, Railway Road, Baraut – 250611 (Uttar Pradesh) | A-12.00369 | July 08, 2008 | September 01, 2016 | | 3. | M/s Prachi Chemical and Industries Limited | Halwasiya Mansion, 6/2, Moira Street, Kolkata – 700017 | B-05.06550 | June 09, 2005 | September 20, 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-IA of the Reserve Bank of India Act, 1934. Ajit Prasad
Assistant Adviser Press Release : 2016-2017/1038 | |