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4 NBFCs surrender their Certificate of Registration to RBI

May 29, 2018:  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.

Sr. No.
Name of the Company
Office Address
CoR No.
Issued On
Cancellation Order Date
M/s Silver Trading and Services Limited
20, R.N. Mukherjee Road, Kolkata-700 001
November 18, 1999
April 06, 2018
M/s Lotus Udyog Limited
20, R N, Mukherjee Road, Kolkata-700 001
March 11, 1998
April 09, 2018
M/s Kothari Safe Deposits Limited
Kothari Buildings No. 116, Mahatma Gandhi Salai, Nungambakkam, Chennai- 600034
March 05, 2003
May 07, 2018
M/s Angel Finvest Private Limited
178, Colonel Gurdial Singh Road, Civil Lines, Ludhiana, Punjab
March 23, 2000
May 16, 2018

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.

Source: Reserve Bank of India (RBI)

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