The Reserve Bank of India (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 four companies.
| Sr. No. | Name of the Company | Registered Office Address | CoR No. | CoR Issued On | Cancellation Order Date |
| 1 | S.R.M. Properties And Finance Company Pvt. Ltd | Flat No. 817, 8th Floor, Block – Topaz Urbana Jewels, Off SEZ Road, Sanganer, Jaipur, Rajasthan – 302026 | B-10.00178 | March 07, 2002 | September 01, 2022 |
| 2 | North East Region Finservices Limited | Jim Blessing Home, Ground Floor, Sangaiprou, Mamang Leikai, Airport Road, Imphal, Manipur – 795001 | B-08.00177 | October 30, 2008 | September 09, 2022 |
| 3 | Sowjenvee Finance Limited | 66, 24th Main, 5th Cross, Agara Extn, Agara Post, Sarajpur Road, Bengaluru, Karnataka – 560034 | 02.00059 | March 11, 1998 | September 23, 2022 |
| 4 | Opel Finance Limited | Karpura House, S.P. Verma Road, PS. Kotwali, Patna, Bihar – 800001 | A-15.00042 | February 04, 2002 | September 28, 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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