REGULATING NON-BANKING

This role is, perhaps, the most unheralded aspect of our activities, yet it remains among the most critical. This includes ensuring credit availability to the productive sectors of the economy, establishing institutions designed to build the country’s financial infrastructure, expanding access to affordable financial services and promoting financial education and literacy.

Press Release

(221 kb)

Date : May 28, 2019

RBI cancels Certificate of Registration of 12 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.

Sl. No.	Name of the Company	Registered Office address of the Company	CoR No	Date of issue of CoR	Date of Cancellation of CoR
1.	Garnet Finance Limited	Plot No. 1, Tirumala Enclave, Tirumalgherry, Secunderabad, Telangana-500 017	B-09.00162	May 24, 2003	April 04, 2019
2.	Shrikunj Financial Services Private Limited	C-235, Savitri Nagar, Malviya Nagar, New Delhi-110 017	B-14.02819	January 03, 2003	April 05, 2019
3.	Allied Commodities Private Limited	232, Chittaranjan Avenue, 7th Floor, Kolkata-700 006, West Bengal	B.05.04364	September 13, 2001	April 16, 2019
4.	Venlon Securities Private Limited	36/2, Vivekanand Road, 1st Floor, Kolkata-700 006, West Bengal	B.05.03984	January 18, 2001	April 17, 2019
5.	Priyadarshini Consultancy & Services Private Limited	7, Ganesh Chandra Avenue, 4th Floor, Kolkata-700 013, West Bengal	B-05.04892	April 11, 2003	April 23, 2019
6.	Prince Global Financial Services Limited	407, Kusal Bazar, 32-33, Nehru Place, New Delhi-110 019	B-14.01652	March 15, 2000	April 23, 2019
7.	Prince Motor Finance Company Limited	407, Kusal Bazar, 32-33 Nehru Place, New Delhi-110 019	14.01464	February 23, 1999	April 23, 2019
8.	Dipankar Properties & Investments Private Limited	103, Hem Chandra Naskar Road, 1st Floor, Flat no. 2, Kolkata-700 010, West Bengal	B.05.05120	January 31, 2003	April 25, 2019
9.	Goldrich Agro Limited (presently known as Longtail Capital Limited)	A-56, Naraina Industrial Area, Phase-I, Naraina, New Delhi-110 028	B-14.00325	December 31, 2002	April 29, 2019
10.	Unnati Mercantile Ltd.	E-3, Dhawan Deep Building, Jantar Mantar, New Delhi-110 001	B-14.00579	February 12, 2002	April 30, 2019
11.	Mercury Investments Limited	E-15, 3rd Floor, South Extension Part-II, New Delhi - 110 049	14.01118	September 11, 1998	May 03, 2019
12.	Carefree Investment Company Limited	C-76, First Floor, Sector-22, Noida, Gautam Buddha Nagar, Uttar Pradesh-201 301	B-12.00464	March 07, 2018	May 03, 2019

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 : 2018-2019/2780

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