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Date: 29/05/2018
4 NBFCs surrender their Certificate of Registration to RBI

The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration.

Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date
1. M/s Silver Trading and Services Limited 20, R.N. Mukherjee Road, Kolkata-700 001 05.03277 November 18, 1999 April 06, 2018
2. M/s Lotus Udyog Limited 20, R N, Mukherjee Road, Kolkata-700 001 05.00810 March 11, 1998 April 09, 2018
3. M/s Kothari Safe Deposits Limited Kothari Buildings No. 116, Mahatma Gandhi Salai, Nungambakkam, Chennai- 600034 B-07.00384 March 05, 2003 May 07, 2018
4. M/s Angel Finvest Private Limited 178, Colonel Gurdial Singh Road, Civil Lines, Ludhiana, Punjab B-06.00250 March 23, 2000 May 16, 2018

As such, the above companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

Ajit Prasad
Assistant Adviser

Press Release : 2017-2018/3119

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