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Date : Oct 12, 2021
RBI cancels Certificate of Registration of Six NBFCs

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date
1 M/s Cartel Finance and Investments Private Limited KH. No. 773, Harcharan Bagh G/F, Andheria More, Mehrauli, New Delhi-110030 B-14.01612 March 08, 2000 July 05, 2021
2 M/s Alamgir Motor Finance Limited 186, St. No. 2, Dashmesh Nagar, Gill Chowk, Ludhiana, Punjab A-06.00444 November 16, 2009 July 27, 2021
3 M/s Nau-Nidh Finance Limited Ward No. 27, Raghbir Enclave, Opp. Shivalik Enclave, Near Chungi No. 03, Kotkapura Road, Moga, Punjab - 142001 06.00155 March 30, 1999 July 27, 2021
4 M/s Kim Investment Limited 206-207, Chaudhary Complex, Hide Market, Amritsar, Punjab-143001 A-06.00541 June 29, 2007 September 01, 2021
5 M/s Sambandh Finserve Private Limited Plot No. O-4/9, Civil Township, PS. Raghunathpalli, Rourkela, Sundargarh, Odisha- 769004 04.00023 November 01, 2010 September 09, 2021
6 M/s BTL Holding Company Limited SRS Multiplex, Top floor, City Centre, Sector-12, Faridabad, Haryana-121007 N-14.03297 March 05, 2014 September 17, 2021

As such, the above companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/1032


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