Receive Daily Updates by Email (Free Subscription)

RBI Cancels Certificate of Registration of 2 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following 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
Office Address
CoR No.
Issued On
Cancellation Order Date
1.
M/s S.P. Global Finance and Investment Private Limited (Formerly Latur Finance and Investment Private Limited)
Shop No. 15, City Arcade, Opp. Prakash Traders, Jai Road, Nashik Road, Nashik – 422001
B-13.01665
May 21, 2003
August 05, 2016
2.
M/s Skylark Deposit and Advances Limited
H.No. 1017/1, Field Ganj, Corner House, B-14, Street No. 13, Ludhiana - 141008
06.00182
July 30, 2007
August 12, 2016

As such, the above companies cannot transact the business of a non-banking financial institution as laid down under clause (a) of Section 45-IA of the Reserve Bank of India Act, 1934.



No comments:

Post a Comment