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Date: 13/07/2018
2 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 Sri Kaliswari Finance Private Limited, Sivakasi 5-A, Chairman A Shanmuga Nadar Road, Sivakasi-626 123 Tamil Nadu B-07.00540 December 15, 2000 June 22, 2018
2. M/s M.M.V.R Finance Limited No. 29, Gokhale Street, Ram Nagar, Coimbatore-641 009, Tamil Nadu B-07.00628 September 22, 2003 June 22, 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 : 2018-2019/126
 
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