The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following 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. | 1. | M/s Jahangirabad Finance Company Private Limited | 301, Dhaka Chamber, 39, Naiwala, Karol Bagh, New Delhi – 110005 | B-14.03066 | April 25, 2005 | May 16, 2016 | | 2. | M/s A H P Motor Finance Private Limited | C-205/A, Vallabh Nagar, Ring Road – 1, Raipur – 492001 | B-06.00366 | December 15, 2000 | June 06, 2016 | | 3. | M/s Onam Trading & Investment Private Limited | 15, Varsha, Napean Sea Road, Mumbai – 400006 | B-13.01695 | January 01, 2004 | June 06, 2016 | | 4. | M/s Arogya Dhan Varsha Finance & Investment Pvt Ltd | 90, Naval Bhavan, Tagore Nagar, Hiran Magri, Sector 4, Udaipur, Rajasthan – 313002 | B-10.00117 | September 05, 2011 | June 14, 2016 | | 5. | M/s Protchem Finance Limited | AB 5, Second Avenue, SDV Arcade, Anna Nagar, Chennai – 600040 | 07.00162 | March 11, 1998 | July 01, 2016 | As such, the above 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 : 2016-2017/223 |