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Date : Oct 16, 2024
RBI cancels Certificate of Registration of Two 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 Heewan Finance Limited Shop No. 4, Plot No. 35, Yard No. 6, Transport Nagar, Narwal, Jammu and Kashmir - 180006 B-1100065 March 13, 2012 September 11, 2024
2 High Growth Credit Services Limited D-9, Sector-3, Noida, Uttar Pradesh – 201301 B-12.00208 August 31, 2000 September 13, 2024

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.

(Puneet Pancholy)  
Chief General Manager

Press Release: 2024-2025/1307


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