RBI cancelled Certificate of Registration of 26 NBFCs

RBI cancelled Certificate of Registration of 26 NBFCs

The Reserve Bank of India (RBI) on 22 February 2016 cancelled the certificate of registration of the 26 non‐banking financial companies (NBFCs).

RBI cancelled the certificate of registration of these 26 NBFCs in exercise of the powers conferred on it, under Section 45‐IA (6) of the Reserve Bank of India Act, 1934.

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Following the cancellation of registration certificate, these companies cannot transact the business of a non‐banking financial institution as laid down under clause (a) of Section 45‐I of the Reserve Bank of India Act, 1934.

The NBFCs whose registration was cancelled includes

1. Labh Lease and Finance Ltd

2. Advantage Finvest Limited

3. Mathura Financial Services Limited

4. Wizard Fincap Limited

5. M.J.K. Mercantiles Private Limited

6. Avorik Vyapaar Private Limited

7. Bengani Resources Private Limited (Formerly known as Mayuri Vinimay Private Limited)

8. Bajaj Auto Holdings Limited

9. Alpha General Leasing & Finance Private Limited

10. Binikom Vyapaar Private Limited

11. MIS Consultants Private Limited

12. S.J. Finance & Consultants Private Limited

13. Ganpati Vincom Private Limited (Presently, Savi Global Realtors Limited)

14. Delton Impex (P) Ltd

15. Abirami Financial Services [India] Limited

16. ITI Capital Markets Limited

17. Breakeven Business Credits Private Limited

18. Pathik Overseas Limited

19. J.M.B. Commercial & Credit Limited

20. Esjay Estates Limited

21. Cosmat Investment Private Limited

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22. Pavai Trading Co. Private Limited

23. Modern Vintrade Private Limited

24. Swadhaar Finserve Private Limited

25. Punwire Holdings Limited

26. IDFC Finance Limited