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Date: 27/07/2018
RBI cancels Certificate of Registration of 7 NBFCs

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 cancelled the Certificate of Registration of the following companies.

Sr. No. Company's Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation
1. M/s Shree Luxmi Narayan Trexim Private Limited 11, Clive Row, 1st Floor, Room No C Kolkata-700 001 B.05.04172 April 11, 2001 June 13, 2018
2. M/s Thirdwave Financial Intermediaries Ltd Unit-601, Ambuja Neotia Ecocentre, EN-4, EN Block, Sector-V, Kolkata, West Bengal-700 091 05.00563 March 03, 1998 June 13, 2018
3. M/s Vidhyabalaji Finance & Investments Private Limited 31, A, Addis Street, Grey Town, Coimbatore- 641 018 Tamilnadu B-07.00716 April 19, 2002 June 18, 2018
4. M/s Sanspareil Finance Limited (previously known as Satyabala Finance Limited) New No:2 (Old No.15/2) Aranga Nathan Subway Road, Saidapet, Chennai-600 015 B-07.00116 January 04, 2013 June 18, 2018
5. M/s Nambi Investments & Finance Private Limited 1, First Main Road, Indira Nagar, Chennai-600 020 B-07.00699 March 30, 2002 June 18, 2018
6. M/s MCM Investments and Finance Limited 1056 C, UR House, II Floor, Avinashi Road Coimbatore-641 018 07.00084 March 06, 1998 June 18, 2018
7. M/s Ishara Finance & Rural Development Private Limited B-34/9177, Joshi Nagar, Haibowal Kalan, Ludhiana, Punjab B-06.00571 June 30, 2009 June 19, 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 : 2018-2019/246

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