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Date: 04/01/2018
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 Alchemist Holdings Limited (Formerly known as M/s Mahindra Finlease Private Limited) 405, Jyoti Shikhar Tower, Janakpuri District Complex, New Delhi – 110058 B-14.01844 May 02, 2006 October 27, 2017
2 M/s Sukh-Chain Finance Company Limited Building No. 284, 1st Floor, Behind Sanatan Dharam Mandir, Hospital Road, Lashkar, Gwalior A-06.00486 October 08, 2007 December 19, 2017
3 M/s Rishab Financial Services Limited 459, Mint Street, Sowcarpet, Chennai-600079 B-07.00361 September 19, 2008 December 19, 2017

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.

Ajit Prasad
Assistant Adviser

Press Release : 2017-2018/1839
 
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