RBI cancels Certificate of Registration of four NBFCs
RBI cancels Certificate of Registration of four NBFCs
The Reserve Bank of India, in 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 | Kanva Shree Credit Private Limited (formerly known as MCI Leasing Private Limited) | No. 361, 2nd Floor, 19th Main Adj. to Diacon Hospital, Rajajinagar 1st Block, Bengaluru, Karnataka– 560 010. | B-02.00156 | April 05, 2017 | June 08, 2022 |
| 2 | Williamson Magor & Co. Ltd. | 4, Mangoe Lane, Kolkata, West Bengal- 700001 | N-05.05534 | March 31, 2003 | June 29, 2022 |
| 3 | Galaxy Capital Finance Limited | 19/X – 1 Krishna Puram, Kanpur, Uttar Pradesh – 208007 | 12.00069 | March 02, 1998 | June 29, 2022 |
| 4 | SRS Finance Limited | SRS Multiplex, Mezzanine Floor, City Centre, Sector-12, Faridabad, Haryana- 121007 | N-14.03202 | December 31, 2009 | June 29, 2022 |
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.
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