RBI Cancels Certificate of Registration of Six NBFCs

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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 CompanyRegistered Office AddressCoR No.CoR Issued OnCancellation Order Date
1M/s Cartel Finance and Investments Private LimitedKH. No. 773, Harcharan Bagh G/F, Andheria More, Mehrauli, New Delhi-110030B-14.01612March 08, 2000July 05, 2021
2M/s Alamgir Motor Finance Limited186, St. No. 2, Dashmesh Nagar, Gill Chowk, Ludhiana, PunjabA-06.00444November 16, 2009July 27, 2021
3M/s Nau-Nidh Finance LimitedWard No. 27, Raghbir Enclave, Opp. Shivalik Enclave, Near Chungi No. 03, Kotkapura Road, Moga, Punjab – 14200106.00155March 30, 1999July 27, 2021
4M/s Kim Investment Limited206-207, Chaudhary Complex, Hide Market, Amritsar, Punjab-143001A-06.00541June 29, 2007September 01, 2021
5M/s Sambandh Finserve Private LimitedPlot No. O-4/9, Civil Township, PS. Raghunathpalli, Rourkela, Sundargarh, Odisha- 76900404.00023November 01, 2010September 09, 2021
6M/s BTL Holding Company LimitedSRS Multiplex, Top floor, City Centre, Sector-12, Faridabad, Haryana-121007N-14.03297March 05, 2014September 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

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/1032


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