NBFCs registration certificate cancelled by RBI. As per order nine Non-Banking Financial Companies cannot transact the business as per RBI Act
Reserve Bank of India
Press Release
Date : Feb 06, 2017
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.
| Sr. No. | Name of the Company | Registered Office Address | CoR No. | Issued On | Cancellation Order Date |
| 1 | M/s The Instalment Supply Limited | 46, Janpath, New Delhi – 110001 | 14.01416 | December 10, 1998 | June 22, 2016 |
| 2 | M/s Sunshine Finlink Limited | 107, Royal Palace Complex, First Floor, G-55, Vikas Marg, Laxmi Nagar, Delhi – 110092 | B-14.00148 | May 28, 2012 | October 10, 2016 |
| 3 | M/s Link Benefit Fund Limited | 17/B, 1st Floor, Palayamkottai Road, Thoothukudi – 628002 | 07.00372 | November 17, 1998 | May 03, 2016 |
| 4 | M/s Mani and Money Limited | New No. 39 (Old No. 19), Bazullah Road, T. Nagar, Chennai – 600017 | 07.00247 | May 04, 1998 | May 03, 2016 |
| 5 | M/s Hanumangarh Finvest Pvt. Ltd. | 8, New Grain Market, Hanumangarh – 335512 | B-10.00003 | July 01, 2008 | June 05, 2015 |
| 6 | M/s Vijaya Finance Ltd. | 37/991, 1st Floor, Emmy Square, Sahaodaran Ayyappan Road, Elamkulam, Kochi – 682020 | A-16.00075 | November 07, 2002 | June 08, 2015 |
| 7 | M/s Westend Management Technologies Pvt. Ltd. | 13-Race Course Road, Indore – 452002 (Madhya Pradesh) | B-03.00155 | May 11, 2002 | June 29, 2016 |
| 8 | M/s HNM Leasing and Finance Private Limited | S-14, G T B Complex, 231, Chinar House, MP Nagar House, Zone II, Bhopal – 462011 (Madhya Pradesh) | B.03.00160 | October 15, 2003 | December 23, 2016 |
| 9 | M/s Paras Hire Purchase Company (India) Private Limited (Presently M/s Paras Hire Purchase Company (India) Limited) | 92(B), 2nd Floor, Wahed House, G. S. Road, Ulubari, Dist. Kamrup – 781005 (Guwahati) | B 08.00120 | August 04, 2000 | January 06, 2017 |
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.
Ajit Prasad
Assistant Adviser
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