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RBI cancels Certificate of Registration of 9 NBFCs and 10 other NBFCs surrender their Certificate of Registration

A. RBI cancels Certificate of Registration of 9 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following non-banking financial companies (NBFCs). The Reserve Bank, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

Instalment Supply ltd, Sunshine Finlink ltd, Link Benefit Fund ltd, Mani and Money Ltd, Hanumangarh Finvest Pvt Ltd, Vijaya Finance Ltd, Westend Management Technologies Pvt Ltd, HNM Leasing and Finance Private Ltd, Paras Hire Purchase Company (India) Ltd

As such, the above companies cannot transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-IA of the RBI Act, 1934.



B. 10 NBFCs surrender their Certificate of Registration to RBI

The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. 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 therefore cancelled their Certificate of Registration.

Kalyani Mfg & Leasing Ltd, Sahyog Credits Ltd, Supreme Securities Ltd, Island Leasing Private Ltd, M CT M Global Investments Private Ltd, Sree Sankari Benefit Funds Ltd, Wham Investments Private Ltd, M K W Finance Pvt Ltd, Pinnacle Trades & Investments Ltd, Shasun Leasing & Finance Private Ltd

As such, the above companies cannot transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

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