The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following two 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. | Issued On | Date of cancellation | | 1. | M/s Growell Auto Leasing Private Limited | Inside Gali PNB, G.T. Road, Batala, Gurdaspur-143505, Punjab | B-06.00364 | December 08, 2000 | May 02, 2018 | | 2. | M/s Adirudh Capital and Investment Private Limited
(Previously known as Desika Vinayagar Credit and Investment Private Limited) | 19/1, Sreyas, 7th Street, Tatabad, Coimbatore-641012, Tamil Nadu | B-07.00223 | December 11, 2012 | May 02, 2018 | As such, these companies 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. Ajit Prasad
Assistant Adviser Press Release : 2017-2018/3053 | |