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Date: 24/08/2017
RBI cancels Certificate of Registration of 2 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following two 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 S.R.F. Hire Purchase Pvt. Ltd. 197, Master Tara Singh Nagar, Jalandhar (Punjab) B-06.00257 April 03, 2000 June 15, 2017
2 M/s Mitter Finance Company Limited 4th Floor, Kismat Complex, Millerganj, Vishwakarma Chowk, Ludhiana – 141003 (Punjab) 06.00201 July 30, 1999 July 10, 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 : 2017-2018/538
 
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