The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following four 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 Mumbai Discount Finance Private Limited |
202, Nadiadwala Market, Poddar Road, Malad (East), Mumbai – 400097 |
B-13.01391 |
September 22, 2000 |
April 20, 2015 |
| 2 |
M/s Sanjay Villa Pvt. Ltd. (Presently M/s BISWA Microfinance Pvt. Ltd.) |
Danapali, PO – Budharaja Sambalpur – 768004 (Odisha) |
05.02843 |
August 25, 1998 |
November 16, 2016 |
| 3 |
M/s Multani Motor Finance Limited |
1109, Indraprakash Building, 11th Floor, 21, Barakhamba Road, Connaught Place, New Delhi – 110001 |
A-14.02610 |
November 13, 2002 |
February 14, 2017 |
| 4 |
M/s Jain Sons Marketing and Investment Limited |
933, Crosscut Road, Gandhipuram, Coimbatore – 641012 |
B.07.00703 |
March 30, 2002 |
March 24, 2017 |
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.
Shweta Mohile
Assistant Manager
Press Release : 2016-2017/2817 |