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 The Metropolitan Finance Private Limited
(presently known as The Metropolitan Finance Limited) | H. No. 22 B/B, Extn. 2, Gandhi Nagar, Jammu- 180 012 | B-1100068 | January 01, 2002 | December 19, 2017 | | 2. | M/s Singhland Investments Limited
(previously known as M/s Baba Finance Private Limited) | 208, Syal Complex, Gill Road, Millerganj, Ludhiana-141 003, Punjab | A.06.00227 | July 13, 2011 | March 16, 2018 | 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: 2017-2018/2782 | |