Commonperson website banner 1 Commonperson website banner 2 Beti Bachao Beti Padhao Logo
 
 
SITE MAP  Menu Item Separator   CONTACT US  Menu Item Separator   DISCLAIMER  
   About Us     Useful Information     FAQs     Financial Education     Complaints   Important Websites  
Search
Period
From  
To  
Archives
   
Home >> PressReleases - Display
Note : To obtain an aligned printout please download the (152.00 kb ) version to your machine and then use respective software to print the story.
Date: 30/11/2017
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 GFL Financials India Limited 10/2, Ramganj, Jinsi, Indore – 452002 B.03.00159 August 24, 2002 October 18, 2017
2 M/s Alagendran Finance Limited
(Presently M/s Sai Jeevadhara Finance Limited)		 No. 43-E, II Floor, New Avadi Road, Kilpauk, Chennai – 600010 B-07.00254 May 02, 2005 October 18, 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: 2017-2018/1497
 
  © Reserve Bank of India. All Rights Reserved.

Best viewed in 1024x768 resolution in IE 5 and above.