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(Banking) RBI Cancels Certificate of Registration of 4 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following four 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.
Company's Name
Address of Registered Office
Certificate of Registration No. & Date
Date of cancellation
M/s Lakshmi Exim Private Ltd
15th Floor, Infinity Benchmark Plot No. G1, Block EP & GP, Sector-V, Bidhannagar, Salt Lake, Kolkata - 700091
April 06, 1998
M/s Rajrishabh Finance & Investments Private Limited
4C, N.C Dutta Road, 5th Floor, Unit No. 507, Kolkata - 700001
August 05, 1998
M/s Chirag Viniyog & Commercial Private Limited
46/31/1, 4th Floor, Leela Roy Sarani, Kolkata – 700029
April 20, 1998
M/s Aashka Holdings Private Limited (Presently known as M/s Aashka Holdings Limited)
102, 2nd Floor, Marwadi Chawl, 391-D, Badam Wadi, Vallabhbhai Patel Road, Congress House, Girgaon, Mumbai - 400004
May 26, 1998

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

Ref: RBI Press Release : 2016-2017/1568 Date : Dec 19, 2016

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