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.