The Reserve Bank of India (RBI) cancels the Certificate of Registration of Six Non-Banking Financial Companies (NBFCs).
Date: Oct 12, 2021
The Reserve Bank of India, in the exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.
|Sr. No.||Name of the Company||Registered Office Address||CoR No.||CoR Issued On||Cancellation Order Date|
|1||M/s Cartel Finance and Investments Private Limited||KH. No. 773, Harcharan Bagh G/F, Andheria More, Mehrauli, New Delhi-110030||B-14.01612||March 08, 2000||July 05, 2021|
|2||M/s Alamgir Motor Finance Limited||186, St. No. 2, Dashmesh Nagar, Gill Chowk, Ludhiana, Punjab||A-06.00444||November 16, 2009||July 27, 2021|
|3||M/s Nau-Nidh Finance Limited||Ward No. 27, Raghbir Enclave, Opp. Shivalik Enclave, Near Chungi No. 03, Kotkapura Road, Moga, Punjab – 142001||06.00155||March 30, 1999||July 27, 2021|
|4||M/s Kim Investment Limited||206-207, Chaudhary Complex, Hide Market, Amritsar, Punjab-143001||A-06.00541||June 29, 2007||September 01, 2021|
|5||M/s Sambandh Finserve Private Limited||Plot No. O-4/9, Civil Township, PS. Raghunathpalli, Rourkela, Sundargarh, Odisha- 769004||04.00023||November 01, 2010||September 09, 2021|
|6||M/s BTL Holding Company Limited||SRS Multiplex, Top floor, City Centre, Sector-12, Faridabad, Haryana-121007||N-14.03297||March 05, 2014||September 17, 2021|
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. RBI
Chief General Manager
Press Release: 2021-2022/1032
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