The Reserve Bank of India have cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
|Sr. No.||Company’s Name||Address of Registered Office||Certificate of Registration
No. & Date
|Date of cancellation|
|1.||M/s. Micro Finance Limited||Annapurna House, Plot No.68(P), Rasulgarh, Bhubaneswar, Odisha-751 010||B-04.00019
September 18, 2012
|July 03, 2014|
|2.||G.R.Industries & Finance Limited||4, Ganesh Chandra Avenue, 6th Floor, Kolkata, West Bengal-700013||08.00102
December 24, 1999
|October 20, 2014|
Following the cancellation of registration certificate, the above 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.
Assistant General Manager
Press Release : 2014-2015/2268